NRS 87.140
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 or her 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.

Source: Section 87.140 — Partnership bound by partner’s breach of trust., https://www.­leg.­state.­nv.­us/NRS/NRS-087.­html#NRS087Sec140.

Last Updated

Jun. 24, 2021

§ 87.140’s source at nv​.us