Wisconsin § 179.0403 Limited partnership liable for general partner’s actionable conduct.

Wisconsin Statutes

§ 179.0403 — Limited partnership liable for general partner’s actionable conduct.

Wisconsin § 179.0403

Ch. 179Uniform limited partnership law

Subch.subch. IV of ch. 179 SUBCHAPTER IV

GENERAL PARTNERS

This text of Wisconsin § 179.0403 (Limited partnership liable for general partner’s actionable conduct.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 179.0403 (2026).

Text

0403
0403(1) (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 partnership activities and affairs or with the actual or apparent authority of the partnership.
0403(2) (2) If, in the course of the limited partnership’s activities and affairs or while acting with actual or apparent authority of the partnership, a general partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the partnership is liable for the loss.

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179.0403
179.0403(1) (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 partnership activities and affairs or with the actual or apparent authority of the partnership.
179.0403(2) (2) If, in the course of the limited partnership’s activities and affairs or while acting with actual or apparent authority of the partnership, a general partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the partnership is liable for the loss.