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Searching 2017-2018 Session

The Vermont Statutes Online

Title 11 : Corporations, Partnerships and Associations

Chapter 022 : PARTNERSHIPS

Subchapter 003 : Relations of Partners to Persons Dealing with Partnership

(Cite as: 11 V.S.A. § 3225)
  • § 3225. 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. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)