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2023 Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 108a - Partnerships
Section 14 - Liability of Partnership for Partner's Misapplication of Money or Property
Universal Citation:
MA Gen L ch 108a § 14 (2023)
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Section 14. The partnership is bound to make good the loss:
(a) Where one partner acting within the scope of his 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.
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