30-23-305. PARTNERSHIP LIABLE FOR PARTNER’S ACTIONABLE CONDUCT. (a) 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 the actual or apparent authority of the partnership.
(b) If, in the course of the partnership’s business or while acting with actual or apparent 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.
History:
[30-23-305, added 2015, ch. 243, sec. 25, p. 816.]
Structure Idaho Code
Chapter 23 - GENERAL PARTNERSHIPS
Part 3 - RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP
Section 30-23-301 - PARTNER AGENT OF PARTNERSHIP.
Section 30-23-302 - TRANSFER OF PARTNERSHIP PROPERTY.
Section 30-23-303 - STATEMENT OF PARTNERSHIP AUTHORITY.
Section 30-23-304 - STATEMENT OF DENIAL.
Section 30-23-305 - PARTNERSHIP LIABLE FOR PARTNER’S ACTIONABLE CONDUCT.
Section 30-23-306 - PARTNER’S LIABILITY.
Section 30-23-307 - ACTIONS BY AND AGAINST PARTNERSHIP AND PARTNERS.