Idaho Statutes
§ 30-23-301 — PARTNER AGENT OF PARTNERSHIP
Idaho·Title 30 CORPORATIONS·Part 3 RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP·Ch. 23 GENERAL PARTNERSHIPS
Subject to the effect of a statement of partnership authority under section 30-23-303, Idaho Code, the following rules apply:
(1)Each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the signing of an instrument in the partnership name, for apparently carrying on in the ordinary course of the partnership business or business of the kind carried on by the partnership binds the partnership, unless the partner did not have authority to act for the partnership in the particular matter and the person with which the partner was dealing knew, or had notice, that the partner lacked authority.
(2)An act of a partner that is not apparently for carrying on in the ordinary course of the partnership’s business or business of the kind carried on by
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Legislative History
[30-23-301, added 2015, ch. 243, sec. 25, p. 813.]
Nearby Sections
15
§ 30-14-101
SHORT TITLE§ 30-14-102
DEFINITIONS§ 30-14-103
REFERENCES TO FEDERAL STATUTES§ 30-14-104
REFERENCES TO FEDERAL AGENCIES§ 30-14-105
ELECTRONIC RECORDS AND SIGNATURES§ 30-14-201
EXEMPT SECURITIES§ 30-14-202
EXEMPT TRANSACTIONS§ 30-14-202A
FAIRNESS HEARING§ 30-14-203
ADDITIONAL EXEMPTIONS AND WAIVERS§ 30-14-301
SECURITIES REGISTRATION REQUIREMENT§ 30-14-302
NOTICE FILING§ 30-14-303
SECURITIES REGISTRATION BY COORDINATION§ 30-14-304
SECURITIES REGISTRATION BY QUALIFICATION§ 30-14-305
SECURITIES REGISTRATION FILINGS