Florida Statutes
§ 620.1403 — Limited partnership liable for general partner’s actionable conduct
Florida § 620.1403
This text of Florida § 620.1403 (Limited partnership liable for general partner’s actionable conduct) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Fla. Stat. § 620.1403 (2026).
Text
(1)A limited 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 general partner acting in the ordinary course of activities of the limited partnership or with authority of the limited partnership.
(2)If, in the course of the limited partnership’s activities or while acting with authority of the limited partnership, a general partner receives or causes the limited partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the limited partnership is liable for the loss.
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Legislative History
s. 17, ch. 2005-267.
Nearby Sections
15
§ 620.1101
Popular name§ 620.1102
Definitions§ 620.1103
Knowledge and notice§ 620.1104
Nature, purpose, and duration of entity§ 620.1105
Powers§ 620.1106
Governing law§ 620.1108
Name§ 620.11085
Reserved name§ 620.1109
Department of State; fees§ 620.1111
Required information§ 620.1113
Dual capacityCite This Page — Counsel Stack
Bluebook (online)
Florida § 620.1403, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/620.1403.