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RSA 304-A:14 · Partnership Bound by Partner's Breach of Trust
304-A:14 Partnership Bound by Partner's Breach of Trust. – The partnership is bound to make good the loss:
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I.
Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
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II.
Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership. Source. 1973, 378:1, eff. Aug. 29, 1973.
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Source. 1973, 378:1, eff. Aug. 29, 1973.
Source history
- 1973, 378:1, eff. Aug. 29, 1973