New York Statutes
§ 25 — Partnership bound by partner's breach of trust
New York § 25
JurisdictionNew York
Law PTRPartnership
Art. 3Relations of Partners to Persons Dealing With the Partnership
This text of New York § 25 (Partnership bound by partner's breach of trust) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Partnership § 25 (2026).
Text
§ 25. Partnership bound by partner's breach of trust. The partnership\nis bound to make good the loss:\n 1. Where one partner acting within the scope of his apparent authority\nreceives money or property of a third person and misapplies it; and\n 2. Where the partnership in the course of its business receives money\nor property of a third person and the money or property so received is\nmisapplied by any partner while it is in the custody of the partnership.\n
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Cite This Page — Counsel Stack
Bluebook (online)
New York § 25, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/25.