Iowa § 486A.305 Partnership liable for partner’s actionable conduct

Iowa Statutes

§ 486A.305 — Partnership liable for partner’s actionable conduct

Iowa § 486A.305

Title XIIBUSINESS ENTITIES

Ch. 486AUNIFORM PARTNERSHIP ACT

This text of Iowa § 486A.305 (Partnership liable for partner’s actionable conduct) 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.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.