Partnership liable for partner's actionable conduct
(1) 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 authority of the partnership.
(2) If, in the course of its business, a partnership receives money or property of a person not a partner and that money or property is misapplied by a partner while it is in the custody of the partnership, the partnership is liable for the loss.
| EnactedEn. SectionSec. 13, ChapterCh. 251, Laws ofL. 1947 |
| Revised Codes of MontanaR.C.M. 1947, 63-205 |
| AmendedAmd. SectionSec. 19, ChapterCh. 238, Laws ofL. 1993 |