(403) Limited partnership liable for actionable conduct of general partner
N.D. Cent. Code § 45-10.2-39
in effect45-10.2-39. (403) Limited partnership liable for actionable conduct of general partner
1. A limited 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
general partner acting in the ordinary course of activities of the limited partnership or
with authority of the limited partnership.
2. If, in the course of the activities of the limited partnership or while acting with authority
of the limited partnership, a general partner receives or causes the limited partnership
to receive money or property of a person not a partner, and the money or property is
misapplied by a general partner, then the limited partnership is liable for the loss.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t45c10-2.pdf#nameddest=45-10p2-39Fetched: 10/16/2026