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Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 8. PARTNERSHIPS

14-8-14. Recovery from partnership for loss caused by wrongful act of partner.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. The partnership is bound to make good the loss:

  2. (1)

    Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and#

  3. (2)

    Where the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 14-8-14, enacted by Ga. L. 1984, p. 1439, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, pages 888 to 889; merge action: carried; file SHA-256 f2fad2b71b39.