Michigan Compiled Laws
Mich. Comp. Laws § 449.14 (2026)
Partnership; effect of partner's breach of trust.
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UNIFORM PARTNERSHIP ACT
Act 72 of 1917
449.14 Partnership; effect of partner's breach of trust.
Sec. 14.
(Partnership bound by partner's breach of trust). The partnership is bound to make good the loss:
(a) Where 1 partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and
(b) 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.
History: 1917, Act 72, Eff. Aug. 10, 1917 ;-- CL 1929, 9854 ;-- CL 1948, 449.14
Notes of Decisions
Cited in 2
cases, 2018–2018 · leading case: Thomas L Thesier v. T B S K Ltd. P'ship, No. 336398 (Mich. Ct. App. May 22, 2018).
Thomas L Thesier v. T B S K Ltd. P'ship, No. 336398 (Mich. Ct. App. May 22, 2018). “, “Where, by any wrongful act or omission of any partner acting in the ordinary course of the business or the partnership, or with the authority of his copartners, loss or injury is caused to any person, not being a partner in the partnership, or any penalty is incurred, the…”
Thomas L Thesier v. T B S K Ltd. P'ship, No. 336398 (Mich. Ct. App. May 22, 2018). “, “Where, by any wrongful act or omission of any partner acting in the ordinary course of the business or the partnership, or with the authority of his copartners, loss or injury is caused to any person, not being a partner in the partnership, or any penalty is incurred, the…”
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