Ky. Rev. Stat. Ann. ch. 362 – Partnerships | Midpage

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Kentucky Revised Statutes

Chapter 362

Ky. Rev. Stat. Ann. ch. 362

Partnerships

Commonwealth of Kentucky

362.150Short title.362.155Definitions for KRS 362.150 to 362.360.362.160Interpretation of knowledge and notice.362.165Rules of construction.362.170Rules for other cases.362.175Partnership defined.362.180Rules for determining the existence of a partnership.362.185Partnership property.362.190Partner agent of partnership as to partnership business.362.195Conveyance of real property of the partnership.362.205Partnership charged with knowledge of or notice to partner.362.210Partnership bound by partner's wrongful act.362.215Partnership bound by partner's breach of trust.362.220Nature of partner's liability.362.225Partner by estoppel.362.230Liability of incoming partner.362.235Rules determining rights and duties of partners.362.240Partnership books.362.245Duty of partners to render information.362.250Partner accountable as a fiduciary.362.255Right to an account.362.260Continuation of partnership beyond fixed term.362.265Extent of property rights of a partner.362.270Nature of a partner's right in specific partnership property.362.275Nature of partner's interest in the partnership.362.280Assignment of partner's interest.362.285Partner's interest subject to charging order.362.290Dissolution defined.362.295Partnership not terminated by dissolution.362.300Causes of dissolution.362.305Dissolution by decree of court.362.310General effect of dissolution on authority of partner.362.315Right of partner to contribution from co-partners after dissolution.362.320Power of partner to bind partnership to third persons after dissolution.362.325Effect of dissolution on partner's existing liability.362.330Right to wind up.362.335Rights of partners to application of partnership property.362.340Rights where partnership is dissolved for fraud or misrepresentation.362.345Rules for distribution.362.350Liability of persons continuing the business in certain cases.362.355Rights of retiring or estate of deceased partner when the business is continued.362.360Accrual of actions.362.401Definitions.362.403Name of limited partnership.362.407Recordkeeping office -- Agent for service of process.362.409Records to be kept.362.411Nature of business that may be carried on.362.413Business transactions of partners with partnership.362.415Formation -- Certificate of limited partnership.362.417Amendment to or restatement of certificate.362.419Cancellation of certificate.362.421Execution of certificates.362.423Execution of certificate by judicial act.362.427Liability for false statement in certificate.362.429Scope of notice.362.431Delivery of certificate to limited partners.362.433Admission of limited partners.362.435Voting rights of limited partners.362.437Liability of limited partners to third parties.362.439Liability of person erroneously believing to be a limited partner.362.441Limited partner's right to information.362.443Admission of additional general partners.362.445Events of withdrawal of general partner.362.447General power and liabilities of general partners.362.449Contributions by general partner.362.451Voting rights of general partners.362.453Form of contribution.362.455Liability for contribution.362.457Sharing of profits and losses.362.459Sharing of distributions.362.461Interim distributions.362.463Withdrawal of general partner.362.465Withdrawal of limited partner.362.467Distribution upon withdrawal.362.469Distribution in kind.362.471Right of distribution.362.473Limitation of distribution.362.475Liability upon return of contributions.362.477Nature of partnership interest.362.479Assignment of partnership interest.362.481Rights of judgment creditor.362.483Right of assignee to become limited partner.362.485Power of estate of deceased or incompetent partner.362.487Nonjudicial dissolution.362.489Judicial dissolution.362.491Winding up.362.493Distribution of assets.362.511Right of limited partner to bring derivative action.362.513Derivative action: proper plaintiff.362.515Derivative action: pleadings.362.517Derivative action: expenses.362.519Construction and application of act.362.521Effect on existing partnerships.362.523Applicability of Uniform Partnership Act.362.525Effect of repeal of prior statute.362.527Short title.362.531Merger of domestic limited partnerships with domestic or foreign limited partnerships, limited liability companies, or corporations.362.536Domestic limited partnership's approval of plan of merger -- Amendment -- Abandonment.362.541Articles of merger.362.546Effect of merger.362.555Registered limited liability partnership -- Manner of registration.362.575Intent and policy of Commonwealth regarding registered limited liability partnerships.362.595Result of failure to comply with KRS 362.555 -- Service of process.362.601Circumstances preventing distribution -- Liability for unlawful distribution.362.605Suits by and against partnerships -- Effect of judgments.362.1Kentucky Revised Uniform Partnership Act (2006)362.2Kentucky Uniform Limited Partnership Act (2006)