There Is a Newer Version of this Section
  1. 2023 Maryland Code
  2. 2022 Maryland Code (here)
  3. 2021 Maryland Code
  4. View All Versions
View Our Newest Version Here

2022 Maryland Statutes
Corporations and Associations
Title 9A - Maryland Revised Uniform Partnership Act
Subtitle 3 - Relations of Partners to Persons Dealing With Partnership
Section 9A-301 - Partner Agent of Partnership

Universal Citation:
MD Corporations and Associations Code § 9A-301 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Next

    Subject to the effect of a statement of partnership authority under § 9A-303 of this subtitle:

        (1)    Each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership, unless the partner had no authority to act for the partnership in the particular matter and the person with whom the partner was dealing knew or had received a notification that the partner lacked authority.

        (2)    An act of a partner which is not apparently for carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership only if the act was authorized by the other partners.

Next
Disclaimer: These codes may not be the most recent version. Maryland 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.