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2012 Wisconsin Statutes & Annotations
178. Uniform partnership act.
178.11 Partnership liable on partner's breach of trust.

Universal Citation:
WI Stat § 178.11 (2012 through Act 45)
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.

178.11  Partnership liable on partner's breach of trust. The partnership is bound to make good the loss if any of the following occurs:

178.11(1) (1) One partner acting within the scope of his or her apparent authority receives money or property of a 3rd person and misapplies it.

178.11(2) (2) The partnership in the course of its business receives money or property of a 3rd person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.

History: 1993 a. 482.

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