North Carolina Statutes
§ 59-44 — Partnership bound by partner's breach of trust
North Carolina § 59-44
This text of North Carolina § 59-44 (Partnership bound by partner's breach of trust) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 59-44 (2026).
Text
The partnership is bound to make good the loss:
(1)Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
(2)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. (1941, c. 374, s. 14.)
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Nearby Sections
15
§ 59-1001
Right of action§ 59-1002
Proper plaintiff§ 59-1003
Pleading§ 59-1004
Expenses§ 59-1005
Dismissal of action§ 59-1006
Construction§ 59-101
Short title§ 59-102
Definitions§ 59-103
Name§ 59-1050
Conversion§ 59-1051
Plan of conversion§ 59-1053
Effects of conversionCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 59-44, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/59/59-44.