Section 14 Partnership Act, 1932 Explained: Liability of partners for misapplication of property | Nyaya

Statutory Content

What does Section 14 of Partnership Act, 1932 say?

Where any partner misapplies any property, money or securities of the firm, or otherwise misuses the property of the firm, the partner so offending shall be liable to make good the loss caused by such misapplication or misuse.

Indian StandardSection 14, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 14 (India)

Court Pleading StandardSection 14 of the Partnership Act, 1932

Canonical Web linkhttps://nyaya.cloud/acts/partnership-act-1932/14

Embed this Section Card

Want to display this Section explanation card on your website? Copy and paste the HTML code below:

<iframe src="https://nyaya.cloud/api/widget/section?act=partnership-act-1932&sec=14" width="100%" height="250" style="border:none; border-radius:8px;"></iframe>

Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 14 Partnership Act, 1932

What is Section 14 of Partnership Act, 1932?

Section 14 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Liability of partners for misapplication of property". The section states: Where any partner misapplies any property, money or securities of the firm, or otherwise misuses the property of the firm, the partner so offending shall be liable to make good the...

Landmark Case Laws