Connecticut § 34-326 Partnership liable for partner's actionable conduct.

Connecticut Statutes

§ 34-326 — Partnership liable for partner's actionable conduct.

Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 614 Uniform Partnership Act. Limited Liability Partnerships

(a)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.

(b)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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(a) 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. (b) 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.

Connecticut § 34-326 (Partnership liable for partner's actionable conduct.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 95-341, S. 17, 58.) History: P.A. 95-341 effective July 1, 1997. To hold partnership liable for a fraud committed by one partner, the fraud must have been committed in the course of partnership business. 70 CA 427.