2006 Utah Code - 48-1-11 — Partnership bound by partner\'s breach of trust.

     48-1-11.   Partnership bound by partner's breach of trust.
     The partnership is bound to make good the loss:
     (1) where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and,
     (2) 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.

No Change Since 1953