Kentucky Revised Uniform Partnership Act
Kentucky · Partnerships · §§ 362.1-1001 to 362.1-975 · 90 sections
Overview
This act governs partnerships, including those that elect limited liability partnership status, setting out the rules that apply among the partners and the requirements for holding the partnership out publicly. It treats the partnership agreement as the primary source of the partners' rights and obligations, subject to a defined set of nonwaivable provisions, and supplies default rules on matters such as a partner's business dealings with the partnership, indemnification, and the law governing the partnership's internal affairs. It also establishes a public filing regime — statements of partnership existence and of qualification, name requirements and reservation, a registered office and registered agent, service of process, annual reporting and tax obligations, and procedures for correction, cancelation, reinstatement, and revival — along with the terms on which partnerships formed elsewhere may qualify to do business.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 2 court decisions.
Most-cited authority: 929 FSUPP2D 691 - Powell v. Tosh
Sections covered
- KRS 362.1-1001Renumbered as KRS 362.1-931
- KRS 362.1-1002Repealed, 2011
- KRS 362.1-1003Renumbered as KRS 362.1-932
- KRS 362.1-101Definitions for subchapter
- KRS 362.1-102Knowledge and notice
- KRS 362.1-103Effect of partnership agreement -- Nonwaivable provisions
- KRS 362.1-104Supplemental principles of law
- KRS 362.1-105Execution, filing, and recording of statements
- KRS 362.1-106Governing law
- KRS 362.1-107Partnership subject to amendment or repeal of subchapter
- KRS 362.1-108Requirements for documents to be entitled to filing by Secretary of State
- KRS 362.1-109Fees for filing documents with Secretary of State
- KRS 362.1-110Effective time and date of document
- KRS 362.1-1101Repealed, 2011
- KRS 362.1-1102Renumbered as KRS 362.1-951
- KRS 362.1-1103Repealed, 2011
- KRS 362.1-1104Repealed, 2011
- KRS 362.1-1105Renumbered as KRS 362.1-952
- KRS 362.1-111Repealed, 2011
- KRS 362.1-112Repealed, 2011
- KRS 362.1-113Repealed, 2011
- KRS 362.1-114Partnership names
- KRS 362.1-115Repealed, 2011
- KRS 362.1-116Repealed, 2011
- KRS 362.1-117Registered office -- Registered agent
- KRS 362.1-118Repealed, 2011
- KRS 362.1-119Repealed, 2011
- KRS 362.1-120Service of process
- KRS 362.1-1201Renumbered as KRS 362.1-971
- KRS 362.1-1202Renumbered as KRS 362.1-972
- KRS 362.1-1203Renumbered as KRS 362.1-973
- KRS 362.1-1204Renumbered as KRS 362.1-974
- KRS 362.1-1205Renumbered as KRS 362.1-975
- KRS 362.1-121Annual report
- KRS 362.1-122Administrative dissolution of a statement of qualification or statement of partnership authority
- KRS 362.1-123Repealed, 2011
- KRS 362.1-201Partnership as entity
- KRS 362.1-202Formation of partnership
- KRS 362.1-203Partnership property
- KRS 362.1-204When property is partnership property
- KRS 362.1-301Partner agent of partnership
- KRS 362.1-302Transfer of partnership property
- KRS 362.1-303Statement of partnership authority
- KRS 362.1-304Statement of denial
- KRS 362.1-305Partnership liable for partner's actionable conduct
- KRS 362.1-306Partner's liability1 cite
- KRS 362.1-307Actions by and against partnership and partners
- KRS 362.1-308Liability of purported partner
- KRS 362.1-401Partner's rights and duties
- KRS 362.1-402Distributions in kind
- KRS 362.1-403Partner's rights and duties with respect to information1 cite
- KRS 362.1-404General standards of partner's conduct
- KRS 362.1-405Actions by partnership and partners
- KRS 362.1-406Continuation of partnership beyond definite term or particular undertaking
- KRS 362.1-501Partner not co-owner of partnership property
- KRS 362.1-502Partner's transferable interest in partnership
- KRS 362.1-503Transfer of partner's transferable interest
- KRS 362.1-504Partner's transferable interest subject to charging order
- KRS 362.1-601Events causing partner's dissociation
- KRS 362.1-602Partner's power to dissociate -- Wrongful dissociation
- KRS 362.1-603Effect of partner's dissociation
- KRS 362.1-701Purchase of dissociated partner's interest
- KRS 362.1-702Dissociated partner's power to bind and liability to partnership
- KRS 362.1-703Dissociated partner's liability to other persons
- KRS 362.1-704Statement of dissociation
- KRS 362.1-705Continued use of partnership name
- KRS 362.1-801Events causing dissolution and winding up of partnership business
- KRS 362.1-802Partnership continues after dissolution
- KRS 362.1-803Right to wind up partnership business
- KRS 362.1-804Partner's power to bind partnership after dissolution
- KRS 362.1-805Statement of dissolution
- KRS 362.1-806Partner's liability to other partners after dissolution
- KRS 362.1-807Settlement of accounts and contributions among partners
- KRS 362.1-901Definitions for KRS 362.1-901 to 362.1-908
- KRS 362.1-902Conversion of partnership to limited partnership
- KRS 362.1-903Conversion of limited partnership to partnership
- KRS 362.1-904Effect of conversion -- Entity unchanged
- KRS 362.1-905Merger of partnerships
- KRS 362.1-906Effect of merger
- KRS 362.1-907Statement of merger
- KRS 362.1-908Provisions of KRS 362.1-901 to 362.1-908 nonexclusive
- KRS 362.1-931Statement of qualification
- KRS 362.1-932Circumstances preventing distribution -- Liability for unlawful distribution
- KRS 362.1-951Statement of foreign qualification
- KRS 362.1-952Action by Attorney General
- KRS 362.1-971Uniformity of application and construction
- KRS 362.1-972Short title for subchapter
- KRS 362.1-973Severability clause
- KRS 362.1-974Effective Date -- Applicability
- KRS 362.1-975Savings clause
Enacted in other states
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