Iowa Statutes
§ 486A.301 — Partner agent of partnership
Iowa § 486A.301
This text of Iowa § 486A.301 (Partner agent of partnership) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 486A.301 (2026).
Text
Subject to the effect of a statement of partnership authority under section 486A.303:
1.Each partner is an agent of the partnership for the purpose of its business. An act of
a partner, including the execution of an instrument in the partnership name, for apparently
carrying on in the ordinary course the partnership business or business of the kind carried
on by the partnership binds the partnership, unless the partner had no authority to act for
the partnership in the particular matter and the person with whom the partner was dealing
knew or had received a notification that the partner lacked authority.
2.An act of a partner which is not apparently for carrying on in the ordinary course
the partnership business or business of the kind carried on by the partnership binds the
partnership
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Related
Agriliance, L.L.C. v. Farmpro Services, Inc.
328 F. Supp. 2d 958 (S.D. Iowa, 2003)
In the Matter of the Estate of Michael D. Johnson
(Court of Appeals of Iowa, 2023)
Nearby Sections
15
§ 486A.1001
Statement of qualification§ 486A.1002
Name§ 486A.101
Definitions§ 486A.102
Knowledge and notice§ 486A.104
Supplemental principles of law§ 486A.106
Governing law§ 486A.1102
Statement of foreign qualification§ 486A.1103
Effect of failure to qualify§ 486A.1105
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Bluebook (online)
Iowa § 486A.301, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/486A.301.