{"data":{"id":"us-nv/nrs-87.140","jurisdiction":"us-nv","citation":"NRS 87.140","heading":"Partnership bound by partner’s breach of trust.","body":"The partnership is bound to make good the loss:\n1. 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\n2. 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.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 87 - PARTNERSHIPS","UNIFORM PARTNERSHIP ACT","Relations of Partners to Persons Dealing With Partnership"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-087.html#NRS087Sec140","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"a23c774588f39c5f448ed7f747eb19ab60f0e9b4caa24623f1cd64a4346a3578","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-87.130","next":"us-nv/nrs-87.150"},"notice":"GroundRules: Original legal text. Not legal advice."}