{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/50-73.95.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/50-73.95.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/50-73.95.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/50-73.95.html"}],"law_id":366888,"edition_id":2,"section_id":366888,"structure_id":52278,"section_number":"50-73.95","catch_line":"Partnership liable for partner’s actionable conduct","history":"1996, c. 292.","full_text":"A\n\nA 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 partner acting in the ordinary course of business of the partnership or with authority of the partnership.\n\nB\n\nIf, in the course of the partnership’s business or while acting with authority of the partnership, a partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a partner, the partnership is liable for the loss.\n\n","order_by":null,"text":{"0":{"id":1366021,"text":"A 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 partner acting in the ordinary course of business of the partnership or with authority of the partnership.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1366022,"text":"If, in the course of the partnership’s business or while acting with authority of the partnership, a partner receives or causes the partnership to receive money or property of a person not a partner, and the money or property is misapplied by a partner, the partnership is liable for the loss.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":52278,"edition_id":2,"name":"Relations of Partners to Persons Dealing With Partnership","identifier":"3","label":"article","depth":3,"order_by":3,"parent_id":52255,"metadata":{"child_laws":8,"child_structures":0},"date_created":"2026-08-02 02:57:01","date_modified":"2026-08-02 12:34:30","permalink":{"id":1461777,"object_type":"structure","relational_id":52278,"identifier":"3","token":"50\/2.2\/3","url":"\/50\/2.2\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52255,"edition_id":2,"name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","depth":2,"order_by":4,"parent_id":52250,"metadata":{"child_laws":76,"child_structures":11},"date_created":"2026-08-02 02:56:43","date_modified":"2026-08-02 12:34:30","permalink":{"id":1461693,"object_type":"structure","relational_id":52255,"identifier":"2.2","token":"50\/2.2","url":"\/50\/2.2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52250,"edition_id":2,"name":"Partnerships","identifier":"50","label":"title","depth":1,"order_by":107,"parent_id":null,"metadata":{"child_laws":185,"child_structures":29},"date_created":"2026-08-02 02:56:42","date_modified":"2026-08-02 12:34:28","permalink":{"id":1461231,"object_type":"structure","relational_id":52250,"identifier":"50","token":"50","url":"\/50\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":366884,"structure_id":52278,"section_number":"50-73.91","catch_line":"Partner agent of partnership","url":"\/50-73.91\/","token":"50\/2.2\/3\/50-73.91","metadata":false},{"id":366885,"structure_id":52278,"section_number":"50-73.92","catch_line":"Transfer of partnership 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This law was first created in 1996. The record of its establishment is cataloged in chapter 292<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1461795,"object_type":"law","relational_id":366888,"identifier":"50-73.95","token":"50\/2.2\/3\/50-73.95","url":"\/50-73.95\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/50-73.95\/","token":"50\/2.2\/3\/50-73.95","dublin_core":{"Title":"Partnership liable for partner’s actionable conduct","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.95","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A partnership<\/span> is liable for loss or injury caused to a person<\/span>, or for a penalty<\/span> incurred, as a result of a wrongful act or omission, or other actionable conduct, of a partner acting in the ordinary course of business<\/span> of the partnership<\/span> or with authority of the partnership<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If, in the course of the partnership<\/span>’s business<\/span> or while acting with authority of the partnership<\/span>, a partner receives or causes the partnership<\/span> to receive money or property<\/span> of a person<\/span> not a partner, and the money or property<\/span> is misapplied by a partner, the partnership<\/span> is liable for the loss. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPARTNERSHIP LIABLE FOR PARTNER’S ACTIONABLE CONDUCT (\u00a7 50-73.95)\n\nA. A partnership is liable for loss or injury caused to a person, or for a\npenalty incurred, as a result of a wrongful act or omission, or other actionable\nconduct, of a partner acting in the ordinary course of business of the\npartnership or with authority of the partnership.\n\nB. If, in the course of the partnership’s business or while acting with\nauthority of the partnership, a partner receives or causes the partnership to\nreceive money or property of a person not a partner, and the money or property\nis misapplied by a partner, the partnership is liable for the loss.\n\nHISTORY: 1996, c. 292.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}