North Dakota Statutes
§ 45-10.2-39 — (403) Limited partnership liable for actionable conduct of general partner
North Dakota § 45-10.2-39
This text of North Dakota § 45-10.2-39 ((403) Limited partnership liable for actionable conduct of general partner) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 45-10.2-39 (2026).
Text
1.A limited 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
general partner acting in the ordinary course of activities of the limited partnership or
with authority of the limited partnership.
2.If, in the course of the activities of the limited partnership or while acting with authority
of the limited partnership, a general partner receives or causes the limited partnership
to receive money or property of a person not a partner, and the money or property is
misapplied by a general partner, then the limited partnership is liable for the loss.
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Nearby Sections
15
§ 45-10.2-01
(101) Citation§ 45-10.2-02
(102) Definitions§ 45-10.2-03
(1206) Application to existing relationships§ 45-10.2-04
(1207) Savings clause§ 45-10.2-06
(103) Knowledge and notice§ 45-10.2-06.1
Reservation of legislative right§ 45-10.2-07
(104) Nature, purpose, and duration of entity§ 45-10.2-08
(105) General powers§ 45-10.2-09
(106 and 107) Governing law§ 45-10.2-100
(1106) Merger§ 45-10.2-102
(1108) Articles of merger§ 45-10.2-103
(1109) Effect of mergerCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 45-10.2-39, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/45-10.2-39.