Indiana Statutes
§ 23-4-1-14 — Partnership bound by partner's breach of trust
Indiana § 23-4-1-14
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 4PARTNERSHIPS
Ch. 1Uniform Partnership Act
This text of Indiana § 23-4-1-14 (Partnership bound by partner's breach of trust) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-4-1-14 (2026).
Text
The partnership is bound to make good the loss:
(a)Where one partner acting within the scope of his apparent
authority receives money or property of a third person and misapplies
it; and
(b)Where the partnership in the course of its business receives
money or property of a third person and the money or property so
received is misapplied by any partner while it is in the custody of the
partnership.
Formerly: Acts 1949, c.114, s.14.
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Related
Husted v. McCloud
436 N.E.2d 341 (Indiana Court of Appeals, 1982)
United States v. Harvey
68 F. Supp. 2d 1001 (S.D. Indiana, 1997)
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-4-1-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-4-1-14.