N.H. Rev. Stat. § 304-A:14

Current through the 2024 Legislative

Section 304-A:14 - Partnership Bound by Partner's Breach of Trust

The partnership is bound to make good the loss:

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

II. 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.

RSA 304-A:14

1973, 378:1, eff. Aug. 29, 1973.