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partnership's name, for apparently carrying on in the ordinary | course the limited partnership's activities or activities of the | kind carried on by the limited partnership binds the limited | partnership, unless the general partner did not have authority to | act for the limited partnership in the particular matter and the | person with which the general partner was dealing knew, had | received a notification or had notice under section 1303, | subsection 4 that the general partner lacked authority. |
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| | 2.__Agent only if actually authorized.__An act of a general | partner that is not apparently for carrying on in the ordinary | course the limited partnership's activities or activities of the | kind carried on by the limited partnership binds the limited | partnership only if the act was actually authorized by all the | other partners. |
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| §1353.__Limited partnership liable for general partner's |
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| | 1.__General partner acting in ordinary course or with | authority.__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 of the | limited partnership or with authority of the limited partnership. |
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| | 2.__Misapplication of money or property by general partner.__ | If, in the course of the limited partnership's activities or | while acting with authority of the limited partnership, a general | partner receives or causes the limited partnership to receive | money or property of a person not a partner, and the money or | property is misapplied by a general partner, the limited | partnership is liable for the loss. |
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| §1354.__General partner's liability |
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| | 1.__Joint and several liability.__Except as otherwise provided | in subsections 2 and 3, all general partners are liable jointly | and severally for all obligations of the limited partnership | unless otherwise agreed by the claimant or provided by law. |
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| | 2.__Pre-existing obligation.__A person that becomes a general | partner of an existing limited partnership is not personally | liable for an obligation of a limited partnership incurred before | the person became a general partner. |
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| | 3.__Obligation of limited liability limited partnership.__ | Subject to the provisions of subsection 4, an obligation of a | limited partnership incurred while the limited partnership is a |
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