Sec.
§
152.303
Liability of Partnership for Conduct of Partner
(a)
A partnership is liable for loss or injury to a person, including a partner, or for a penalty caused by or incurred as a result of a wrongful act or omission or other actionable conduct of a partner acting:
(1)
in the ordinary course of business of the partnership; or
(2)
with the authority of the partnership.
(b)
A partnership is liable for the loss of money or property of a person who is not a partner that is:
(1)
received in the course of the partnership’s business; and
(2)
misapplied by a partner while in the custody of the partnership.Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.