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- Alaska Statutes.
- Title 32. Partnership
- Chapter 6. Uniform Partnership Act
- Section 301. Partner as Agent of Partnership.
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Section 204. When Property is Partnership Property.
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Section 302. Transfer and Recovery of Partnership Property.
AS 32.06.301. Partner as Agent of Partnership.
Subject to the effect of a statement of partnership authority under AS 32.06.303,
- (1) each partner is an agent of the partnership for the purpose of its business; an act of a partner, including the
execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the partnership
business or business of the kind carried on by the partnership binds the partnership, unless the partner does not have
authority to act for the partnership in the particular matter and the person with whom the partner is dealing knows or
has received a notification that the partner lacks authority;
- (2) an act of a partner that is not apparently for carrying on in the ordinary course the partnership business or business
of the kind carried on by the partnership does not bind the partnership unless the act was authorized by the other
partners.
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