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2019 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 3 - Relations of Partners to Persons Dealing with Partnership.
Section 10A-8A-3.05 - Partnership liable for partner's actionable conduct.
Universal Citation: AL Code § 10A-8A-3.05 (2019)
Section 10A-8A-3.05Partnership liable for partner's actionable conduct.
(a) 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 or not for profit activity of the partnership or with authority of the partnership.
(b) If, in the ordinary course of business or not for profit activity of the partnership's business or not for profit activity, or while acting with authority of the partnership, a 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 partner, the partnership is liable for the loss.
(Act 2018-125, §7.)
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