Section 1033 - Partnership liable for partner's actionable conduct1.Partnership liable for loss, injury or penalty. 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. [2005, c. 543, Pt. A, §2(NEW).]
2.Partnership liable for misapplication. 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. [2005, c. 543, Pt. A, §2(NEW).]
2005, c. 543, §A2 (NEW) .