MARVIN MANDEL, Governor

1923

PARTNER ACTING IN THE ORDINARY COURSE OF THE BUSINESS OF
THE PARTNERSHIP, OR WITH THE AUTHORITY OF HIS COPARTNERS,
LOSS OR INJURY IS CAUSED TO ANY PERSON, NOT BEING A
PARTNER IN THE PARTNERSHIP, OR ANY PENALTY IS INCURRED,
THE PARTNERSHIP IS LIABLE THEREFOR TO THE SAME EXTENT AS
THE PARTNER SO ACTING OR OMITTING TO ACT.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §13.

No changes are made.

9-306. PARTNERSHIP BOUND BY PARTNER'S BREACH OF TRUST.

THE PARTNERSHIP IS BOUND TO MAKE GOOD THE LOSS:

(1)    WHERE ONE PARTNER ACTING WITHIN THE SCOPE OF
HIS APPARENT AUTHORITY RECEIVES HONEY 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 HONEY OR PROPERTY SO RECEIVED IS MISAPPLIED BY ANY
PARTNER WHILE IT IS IN THE CUSTODY OF THE PARTNERSHIP.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §14.

No changes are made.

9-307. NATURE OF PARTNER'S LIABILITY.

ALL PARTNERS ARE LIABLE:

(1)   JOINTLY AND SEVERALLY FOR EVERYTHING CHARGEABLE
TO THE PARTNERSHIP UNDER §§9-305 AND 9-306; AND

(2)   JOINTLY FOR ALL OTHER DEBTS AND OBLIGATIONS OF
THE PARTNERSHIP; BUT ANY PARTNER MAY ENTER INTO A
SEPARATE OBLIGATION TO PERFORM A PARTNERSHIP CONTRACT.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §15. Cross references are
conformed.

The word "and" is added at the end of item
(1).

The only other change is a technical change in
punctuation.

9-308. PARTNER BY ESTOPPEL.

(A) WHEN A PERSON, BY WORDS SPOKEN OR WRITTEN OR