                                 CODE OF VIRGINIA

PARTNERSHIP LIABLE FOR PARTNER&#8217;S ACTIONABLE CONDUCT (§ 50-73.95)

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&#8217;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.

HISTORY: 1996, c. 292.