Tex. Bus. Orgs. Code § 152.303

LIABILITY OF PARTNERSHIP FOR CONDUCT OF PARTNER

Applied in 3 court decisions — leading case 748 F. Supp. 2d 656 - Duke Energy International, L.L.C. v. Napoli (2010)

Most recently applied in Doctors Hospital at Renaissance, Ltd. and RGV MED, LLC v. Jesus Jaime Andrade and Jessica Andrade (June 2015)

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

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Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(a) A partnership is liable for loss or injury to a person, including a partner, or for a penalty caused by or incurred as a result of a wrongful act or omission or other actionable conduct of a partner acting:

(1) in the ordinary course of business of the partnership; or

(2) with the authority of the partnership.

(b) A partnership is liable for the loss of money or property of a person who is not a partner that is:

(1) received in the course of the partnership's business; and

(2) misapplied by a partner while in the custody of the partnership.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.