Conn. Gen. Stat. § 34-326

Partnership liable for partner's actionable conduct

Known as the Uniform Partnership Act

The act spans §§ 34–34 (89 sections).

Applied in 1 court decision — leading case 9 F. Supp. 3d 399 - Cobalt Multifamily Investors I, LLC v. Shapiro (2014)

Most recently applied in 9 F. Supp. 3d 399 - Cobalt Multifamily Investors I, LLC v. Shapiro (March 2014)

(P.A. 95-341, S. 17, 58.) History: P.A. 95-341 effective July 1, 1997.

(a) 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.

(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.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.