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Idaho · Through 2026 Legislative Session

Idaho Code § 30-24-403: LIMITED PARTNERSHIP LIABLE FOR GENERAL PARTNER’S ACTIONABLE CONDUCT.

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Where this section sits in the code
  1. TITLE 30 CORPORATIONS
  2. CHAPTER 24 LIMITED PARTNERSHIPS
  3. PART 4 GENERAL PARTNERS

(a) 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 and affairs of the partnership or with the actual or apparent authority of the partnership.

(b) If, in the course of a limited partnership’s activities and affairs or while acting with actual or apparent authority of the partnership, a general 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 general partner, the partnership is liable for the loss.

Collected 2026-09-04T11:18:36Z. Source file · JSON

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