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2021 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 8 - Partnerships
§ 14-8-14. Recovery From Partnership for Loss Caused by Wrongful Act of Partner
Universal Citation: GA Code § 14-8-14 (2021)
The partnership is bound to make good the loss:
- Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
- 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.
(Code 1981, §14-8-14, enacted by Ga. L. 1984, p. 1439, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 59A Am. Jur. 2d, Partnership, § 371.
C.J.S.- 68 C.J.S., Partnership, §§ 192, 204, 214, 226 et seq.
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