Subject to the effect of a statement of partnership authority under section 43 of this chapter: (1) Each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the […]
(a) Partnership property may be transferred as follows: (1) Subject to the effect of a statement of partnership authority under section 43 of this chapter, partnership property held in the name of the partnership may be transferred by an instrument of transfer executed by a partner in the partnership name. (2) Partnership property held in […]
(a) A partnership may file a statement of partnership authority, which: (1) must include: (i) the name of the partnership; (ii) the street address of its chief executive office and of one office in the Virgin Islands, if there is one; (iii) the names and mailing addresses of all of the partners or of an […]
A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to section 43, subsection (b) of this chapter may file a statement of denial stating the name of the partnership and the fact that is being denied, which may include […]
(a) A 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 partner acting in the ordinary course of business of the partnership or with authority of the partnership. (b) If, in the course […]
(a) Except as otherwise provided in subsections (b) and (c) of this section, all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by the claimant or provided by law. (b) A person admitted as a partner into an existing partnership is not personally liable for any partnership obligation […]
(a) A partnership may sue and be sued in the name of the partnership. (b) An action may be brought against the partnership and, to the extent not inconsistent with section 46 of this chapter, any or all of the partners in the same action or in separate actions. (c) A judgment against a partnership […]
(a) If a person, by words or conduct, purports to be a partner, or consents to being represented by another as a partner, in a partnership or with one or more persons not partners, the purported partner is liable to a person to whom the representation is made, if that person, relying on the representation, […]
