Section 1353 - Limited partnership liable for general partner's actionable conduct1.General partner acting in ordinary course or with authority. A limited 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 general partner acting in the ordinary course of activities of the limited partnership or with authority of the limited partnership. [2005, c. 543, Pt. C, §2(NEW).]
2.Misapplication of money or property by general partner. If, in the course of the limited partnership's activities or while acting with authority of the limited partnership, a general partner receives or causes the limited partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the limited partnership is liable for the loss. [2005, c. 543, Pt. C, §2(NEW).]
2005, c. 543, §C2 (NEW) .