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Liability of partnership for partner's misapplication of money or property

M.G.L. c. 108A, § 14
in effect
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c. 108A, § 14. Liability of partnership for partner's misapplication of money or property Section 14. The partnership is bound to make good the loss: (a) Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and (b) 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.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter108A/Section14Fetched: 10/20/2026

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