Colorado § 7-64-305 Partnership liable for partner's actionable conduct

Colorado Statutes

§ 7-64-305 — Partnership liable for partner's actionable conduct

Colorado § 7-64-305

Title 07Corporations

Art.Colorado Uniform Partnership Act (1997)

This text of Colorado § 7-64-305 (Partnership liable for partner's actionable conduct) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-64-305 (2026).

Text

(1)A partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a partner acting in the ordinary course of business of the partnership or with authority of the partnership.

(2)If, in the course of the partnership's business or while acting with authority of the partnership, a partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a partner, the partnership is liable for the loss.

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(1) A
partnership is liable for loss or injury caused to a person, or for a penalty incurred,
as a result of a wrongful act or omission, or other actionable conduct, of a partner
acting in the ordinary course of business of the partnership or with authority of the
partnership.

(2) If, in the course of the partnership's business or while acting with
authority of the partnership, a partner receives or causes the partnership to receive
money or property of a person not a partner, and the money or property is
misapplied by a partner, the partnership is liable for the loss.