Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 42-1a-17 — New Jersey Law | CourtGPT
  1. Home/
  2. Laws/
  3. New Jersey/
  4. Title 42 - Partnerships and Partnership Associations/
  5. Chapter 1/
  6. § 42-1a-17
New Jersey Legal Code

§ 42-1a-17

Ask AI about this
42:1A-17. Partnership liable for loss, injury 17. 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 the authority of the partnership. b. If, in the course of the partnership's business or while acting with the 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. L.2000,c.161,s.17.