§ 3225. 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 authority of the partnership.
(b) If, in the course of the partnership’s business or while acting with 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. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
§ 3203. Effect of partnership agreement; nonwaivable provisions
§ 3204. Supplemental principles of law
§ 3205. Execution, filing, and recording of statements
§ 3207. Partnership subject to amendment or repeal of chapter
§ 3212. Formation of partnership
§ 3214. When property is partnership property
§ 3221. Partner agent of partnership
§ 3222. Transfer of partnership property
§ 3223. Statement of partnership authority
§ 3225. Partnership liable for partner’s actionable conduct
§ 3227. Actions by and against partnership and partners
§ 3228. Liability of purported partner
§ 3231. Partner’s rights and duties
§ 3233. Partner’s rights and duties with respect to information
§ 3234. General standards of partner’s conduct
§ 3235. Actions by partnership and partners
§ 3236. Continuation of partnership beyond definite term or particular undertaking
§ 3241. Partner not co-owner of partnership property
§ 3242. Partner’s transferable interest in partnership
§ 3243. Transfer of partner’s transferable interest
§ 3244. Partner’s transferable interest subject to charging order
§ 3251. Events causing partner’s dissociation
§ 3252. Partner’s power to dissociate; wrongful dissociation
§ 3253. Effect of partner’s dissociation
§ 3261. Purchase of dissociated partner’s interest
§ 3262. Dissociated partner’s power to bind and liability to partnership
§ 3263. Dissociated partner’s liability to other persons
§ 3264. Statement of dissociation
§ 3265. Continued use of partnership name
§ 3271. Events causing dissolution and winding up of partnership business
§ 3272. Partnership continues after dissolution
§ 3273. Right to wind up partnership business
§ 3274. Partner’s power to bind partnership after dissolution
§ 3275. Statement of dissolution
§ 3276. Partner’s liability to other partners after dissolution
§ 3277. Settlement of accounts and contributions among partners
§ 3282. Conversion of partnership to limited partnership
§ 3283. Conversion of limited partnership to partnership
§ 3284. Effect of conversion; entity unchanged
§ 3285. Merger of partnerships
§ 3291. Statement of qualification
§ 3301. Law governing foreign limited liability partnership
§ 3302. Statement of foreign qualification
§ 3303. Effect of failure to qualify
§ 3304. Activities not constituting transacting business
§ 3305. Action by Attorney General