Montana § 35-10-305 Partnership Liable For Partner's Actionable Conduct

Montana Statutes

§ 35-10-305 — Partnership Liable For Partner's Actionable Conduct

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 10 PARTNERSHIPS IN GENERAL·Part 3 Relation of Partner and Partnership to Other Persons

35-10-305 . Partnership liable for partner's actionable conduct.

(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 the authority of the partnership.

(2)If, in the course of its business, a partnership receives money or property of a person not a partner and that money or property is misapplied by a partner while it is in the custody of the partnership, the partnership is liable for the loss.

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35-10-305 . Partnership liable for partner's actionable conduct. (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 the authority of the partnership.
(2) If, in the course of its business, a partnership receives money or property of a person not a partner and that money or property is misapplied by a partner while it is in the custody of the partnership, the partnership is liable for the loss.

Montana § 35-10-305 (Partnership Liable For Partner's Actionable Conduct) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.