1995 Alaska Statutes
TITLE 32 PARTNERSHIP
Chapter 32.05. UNIFORM PARTNERSHIP ACT
Article 02 RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP
Sec. 32.05.090. PARTNERSHIP'S LIABILITY FOR PARTNER'S MISAPPLICATION OF MONEY OR PROPERTY.
Sec. 32.05.090. PARTNERSHIP'S LIABILITY FOR PARTNER'S MISAPPLICATION OF MONEY OR PROPERTY.
The partnership shall make good the loss
(1) where one partner acting within the scope of apparent authority receives the money or property of a third person and misapplies it; and
(2) where the partnership in the course of its business receives the money or property of a third person and the money or property is misapplied by a partner while it is in the custody of the partnership.
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