¹620.625  Partnership bound by partner's breach of trust.--The partnership is bound to make good the loss:

(1)  When one partner acting within the scope of her or his apparent authority receives money or property of a third person and misapplies it; and

(2)  When 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 a partner while it is in the custody of the partnership.

History.--s. 14, ch. 72-108; s. 25, ch. 95-242; s. 146, ch. 97-102.