Colorado § 7-60-113 - Partner's wrongful acts - liability.
Full text of Colorado Colorado Revised Statutes § 7-60-113 — Partner's wrongful acts - liability., with citation guidance and answers to common questions.
§ 7-60-113. Partner's wrongful acts - liability.
Where, by any wrongful act or omission of any partner acting in the ordinary course of the business of the partnership or with the authority of the other partners, loss or injury is caused to any person, not being a partner in the partnership, or any penalty is incurred, the partnership is liable therefor to the same intent as the partner so acting or omitting to act.
Source: L. 31: p. 652, § 13. CSA: C. 123, § 13. CRS 53: § 104-1-13. C.R.S. 1963: § 104-1-13. L. 2004: Entire section amended, p. 1423, § 75, effective July 1.
ANNOTATION
Law reviews. For note, "Liability of Joint Tortfeasors in Colorado", see 30 Dicta 176 (1953). For article, "One Year Review of Contracts", see 34 Dicta 85 (1957).
Knowledge that note is given outside scope of partnership's business precludes recovery. Where one purchases a note from a partner with the knowledge that it is given for a purpose clearly outside of the scope of the partnership's business, he is not entitled to recover as against the partnership or either of the nonsigning partners. King v. Meckleburg, 43 Colo. 316, 95 P. 951 (1908) (decided prior to the earliest source of § 7-60-113).
Applied in Williams v. Burns, 463 F. Supp. 1278 (D. Colo. 1979).
Frequently Asked Questions About Colorado § 7-60-113
What does Colorado Revised Statutes § 7-60-113 cover?
Section 7-60-113 ("Partner's wrongful acts - liability.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-60-113?
A common citation format is "Colorado Revised Statutes § 7-60-113" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-60-113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.