Okla. Stat. tit. 54, § 54-1-305
This is the official text of Okla. Stat. tit. 54, § 54-1-305, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Partnership Liable for Partner's Actionable Conduct
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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