9317 - Liability of associates. - Pennsylvania Statutes

§ 9317. Liability of associates. (a) Joint and several liability.--All of the associates of an association are liable, jointly and severally, for: (1) The torts of any agent or employee of the association committed while the agent or employee is acting within the ordinary course of operation of the association. (2) The misapplication by any associate of any money or property of a third person if the money or property was received by the association in the ordinary course of its operation. (b) Joint liability.--All of the associates of an association are liable, jointly, for all debts and legal obligations of the association other than those chargeable under subsection (a).