There is a newer version
of
this Section
2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 64. Colorado Uniform Partnership Act (1997)
Section 7-64-305. Partnership liable for partner's actionable conduct.
Universal Citation: CO Rev Stat § 7-64-305 (2020)
(1) 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 of the partnership or with authority of the partnership.
(2) If, in the course of the partnership's business 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.
Source: L. 97: Entire article added, p. 877, § 1, effective January 1, 1998.
Disclaimer: These codes may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
