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1997 Florida Code
TITLE XXXVI BUSINESS ORGANIZATIONS
Chapter 620 Partnership Laws  
PART II UNIFORM PARTNERSHIP ACT (ss. 620.56-620.77)
620.625   Partnership bound by partner's breach of trust.

1620.625  Partnership bound by partner's breach of trust.--The partnership is bound to make good the loss:

(1)  When one partner acting within the scope of her or his apparent authority receives money or property of a third person and misapplies it; and

(2)  When 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 a partner while it is in the custody of the partnership.

History.--s. 14, ch. 72-108; s. 25, ch. 95-242; s. 146, ch. 97-102.

1Note.--Repealed effective January 1, 1998, by s. 25, ch. 95-242.

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