2013 Maine Revised Statutes
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 17: UNIFORM PARTNERSHIP ACT
31 §1033. Partnership liable for partner's actionable conduct
Subchapter 3: RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP HEADING: PL 2005, C. 543, PT. A, §2 (NEW)
1033. Partnership liable for partner's actionable conduct
1. Partnership liable for loss, injury or penalty. 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.
[ 2005, c. 543, Pt. A, 2 (NEW) .]
2. Partnership liable for misapplication. 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.
[ 2005, c. 543, Pt. A, 2 (NEW) .]
SECTION HISTORY
2005, c. 543, A2 (NEW).
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