- Alaska Statutes.
- Title 32. Partnership
- Chapter 6. Uniform Partnership Act
- Section 305. Partnership Liable For Partner's Actionable Conduct.
previous: Section 304
. Statement of Denial.
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. Partner's Liability.
AS 32.06.305. 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 who is not a partner and the money or property is
misapplied by a partner, the partnership is liable for the loss.
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