If a partner dies, then the deceased partner's executor, administrator, or other legal representative may exercise the rights of a transferee as provided in KRS 362.2-702 and, for the purposes of settling the estate, may exercise the rights of a current limited partner under KRS 362.2-304.
KRS 362.2-704
Power of estate of deceased partner
Known as the Kentucky Uniform Limited Partnership Act
The act spans §§ 362–362 (140 sections).
Effective: July 12, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.