Montana Code 35-10-408. Partner’s liability to partnership
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35-10-408. Partner’s liability to partnership. A partner is liable to the partnership for a breach of the partnership agreement if there is a violation of a duty to the partnership that causes harm to the partnership.
Terms Used In Montana Code 35-10-408
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.