§ 7-12.1-305. Partnership liable for partner’s actionable conduct. [Effective January 1, 2023.]
(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 of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12.1 - Uniform Partnership Act [Effective January 1, 2023.]
Article 3 - Relations of Partners to Persons Dealing with Partnership [Effective January 1, 2023.]
Section 7-12.1-301. - Partner agent of partnership. [Effective January 1, 2023.]
Section 7-12.1-302. - Transfer of partnership property. [Effective January 1, 2023.]
Section 7-12.1-303. - Statement of partnership authority. [Effective January 1, 2023.]
Section 7-12.1-304. - Statement of denial. [Effective January 1, 2023.]
Section 7-12.1-306. - Partner’s liability. [Effective January 1, 2023.]
Section 7-12.1-307. - Actions by and against partnership and partners. [Effective January 1, 2023.]
Section 7-12.1-308. - Liability of purported partner. [Effective January 1, 2023.]