Sec. 152.303.  LIABILITY OF PARTNERSHIP FOR CONDUCT OF PARTNER.  (a)  A partnership is liable for loss or injury to a person, including a partner, or for a penalty caused by or incurred as a result of a wrongful act or omission or other actionable conduct of a partner acting:
(1)  in the ordinary course of business of the partnership;  or
(2)  with the authority of the partnership.
(b)  A partnership is liable for the loss of money or property of a person who is not a partner that is:
(1)  received in the course of the partnership's business;  and
(2)  misapplied by a partner while in the custody of the partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.