The Vermont Statutes Online
Corporations, Partnerships and Associations
RELATIONS OF PARTNERS TO PERSONS DEALING WITH PARTNERSHIP
3225. Partnership liable for partner's actionable conduct
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.)