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2023 Colorado Revised Statutes
Title 7 - CORPORATIONS AND ASSOCIATIONS (§§ 7-1-101 — 7-137-301)
PARTNERSHIPS (§§ 7-60-101 — 7-64-1206)
Article 60 - UNIFORM PARTNERSHIP LAW (§§ 7-60-101 — 7-60-154)
Section 7-60-114 - Partner's breach of trust - liability
Universal Citation:
CO Rev Stat § 7-60-114 (2023)
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- (1) The partnership is bound to make good the loss:
- (a) Where one partner acting within the scope of such partner's apparent authority receives money or property of a third person and misapplies it; and
- (b) Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.
L. 31: p. 652, § 14. CSA: C. 123, § 14. CRS 53: § 104-1-14. C.R.S. 1963: § 104-1-14. L. 2004: (1)(a) amended, p. 1423, § 76, effective July 1.
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