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KRS 362.1-806

Partner's liability to other partners after dissolution

Known as the Kentucky Revised Uniform Partnership Act

The act spans §§ 362.1-1001 to 362.1-975 (90 sections).

Effective: July 12, 2006 History: Created 2006 Ky

(1) Except as otherwise provided in subsection (2) of this section and KRS 362.1-306, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under KRS 362.1-804.

(2) A partner who, with knowledge of the dissolution, incurs a partnership liability under KRS 362.1-804(2) by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.