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§ 1-305. Partnership liable for partner's actionable conduct

Oklahoma Statutes AnnotatedTitle 54. Partnership

Oklahoma Statutes Annotated
Title 54. Partnership
Chapter 1. Oklahoma Revised Uniform Partnership Act (Refs & Annos)
Article 3. Relations of Partners to Persons Dealing with Partnership
54 Okl.St.Ann. § 1-305
§ 1-305. Partnership liable for partner's actionable conduct
Currentness
Partnership Liable for Partner's Actionable Conduct. (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.

Credits

Laws 1997, c. 399, § 17, eff. Nov. 1, 1997.
54 Okl. St. Ann. § 1-305, OK ST T. 54 § 1-305
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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