1997 Minnesota Statutes

     323.13 Partnership liable for partner's breach of trust. 

    The partnership is bound to make good the loss: 

    (1) Where one partner acting within the scope of apparent 
 authority receives money or property of a third person and 
 misapplies it; and 

    (2) 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.  

    HIST: (7397) 1921 c 487 s 14; 1986 c 444