Section 14-8-14. Recovery from partnership for loss caused by wrongful act of partner

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   The partnership is bound to make good the loss:

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

   (2) 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.

Code 1981, § 14-8-14, enacted by Ga. L. 1984, p. 1439, § 1.

                    
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