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Kentucky Revised Statutes

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Statutes Last Updated July 23, 2012

Includes Enactments through the 2012 Extraordinary Session
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KRS Chapter 362.02

Actions by Partners

  • .1001   Direct actions by partner.

  • .1002   Derivative action.

  • .1003   Proper plaintiff.

  • .1004   Pleading.

  • .1005   Proceeds and expenses.

    • General Provisions

  • .102   Definitions for subchapter.

  • .103   Knowledge and notice.

  • .104   Nature, purpose, and duration of entity.

  • .105   Powers of limited partnership.

  • .106   Governing law.

  • .107   Supplemental principles of law -- Rate of interest.

  • .108   Name of limited partnership.

  • .109   Repealed, 2011.

  • .110   Effect of partnership agreement -- Nonwaivable provisions.

    • Conversion and Merger

  • .1101   Definitions for KRS 362.2-1101 to 362.2-1113.

  • .1102   Conversion.

  • .1103   Action on plan of conversion by converting limited partnership.

  • .1104   Filings required for conversion -- Effective date.

  • .1105   Effect of conversion.

  • .1106   Merger.

  • .1107   Action on plan of merger by constituent limited partnership.

  • .1108   Filings required for merger -- Effective date.

  • .1109   Effect of merger.

  • .111   Required information.  

  • .1110   Restrictions on approval of conversions and mergers and on relinquishing LLLP status.

  • .1111   Liability of general partner after conversion or merger.

  • .1112   Power of general partners and persons dissociated as general partners to bind organization after conversion or merger.

  • .1113   Article not exclusive.

  • .112   Business transactions of partner with partnership.

  • .113   Dual capacity.

  • .114   Office and agent for service of process.  

    • Formation Certificate of Limited

  • .115   Change of designated office or agent for service of process.  

  • .116   Repealed, 2011.

  • .117   Repealed, 2011.

  • .118   Consent and proxies of partners.

  • .119   Repealed, 2011.

  • .120   Repealed, 2011.

    • Miscellaneous Provisions

  • .1201   Uniformity of application and construction.

  • .1202   Severability clause.

  • .1203   Electronic signatures.

  • .1204   Effect on limited partnerships formed prior to July 15, 1988.

  • .1205   Effective date.

  • .1206   Savings clause.

  • .1207   Short title for Subchapter 2 of KRS Chapter 362.

  • .121   Requirements for documents to be filed with the Secretary of State.  

  • .122   Fees for filing documents with Secretary of State.  

  • .123   Repealed, 2011.

  • .124   Repealed, 2011.

  • .125   Repealed, 2011.

    • Formation Certificate of Limited

  • .201   Formation of limited partnership -- Certificate of limited partnership.  

  • .202   Amendment or restatement of certificate.  

  • .203   Statement of cancellation.

  • .204   Signing of records.

  • .205   Signing and filing by judicial act.

  • .206   Delivery to and filing of records by the Secretary of State.  

  • .207   Repealed, 2011.

  • .208   Liability for false information in record.  

  • .209   Repealed, 2011.

  • .210   Annual report for Secretary of State.  

    • Limited Partners

  • .301   Admission of limited partner.

  • .302   No right or power as limited partner to bind limited partnership.

  • .303   No liability as limited partner for limited partnership.

  • .304   Right to information of limited partner and formed limited partner.

  • .305   Limited duties of limited partners.

  • .306   Person erroneously believing self limited partner.

    • General Partners

  • .401   Admission of general partner.

  • .402   General partner agent of limited partnership.

  • .403   Limited partnership liable for general partner's actionable conduct.

  • .404   General partner's liability.  

  • .405   Actions by and against partnership and partners.

  • .406   Management rights of general partner.

  • .407   Right to information of general partner and former general partner.

  • .408   General standards of general partner's conduct.  

    • Contributions and Distributions

  • .501   Form of contribution.

  • .502   Liability for contribution.

  • .503   Sharing of distributions.

  • .504   Interim distributions.

  • .505   No distribution on account of dissociation.

  • .506   Distribution in kind.

  • .507   Right to distribution.

  • .508   Limitations on distribution.

  • .509   Liability for improper distributions.

    • Dissociation

  • .601   Dissociation as limited partner.

  • .602   Effect of dissociation as limited partner.

  • .603   Dissociation as general partner.

  • .604   Person's power to dissociate as general partner -- Wrongful dissociation.

  • .605   Effect of dissociation as general partner.

  • .606   Power to bind and liability to partnership before dissolution of person dissociated as general partner.

  • .607   Liability to other persons of person dissociated as general partner.

    • Transferable Interests and Rights

  • .701   Partner's transferable interest.

  • .702   Transfer of partner's transferable interest.

  • .703   Partner's transferable interest subject to charging order.

  • .704   Power of estate of deceased partner.

    • Dissolution

  • .801   Nonjudicial dissolution.  

  • .802   Judicial dissolution.  

  • .803   Winding up.

  • .804   Power of general partner and person dissociated as general partner to bind partnership after dissolution.

  • .805   Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and persons dissociated as general partner.

  • .806   Known claims against dissolved limited partnership.

  • .807   Other claims against dissolved limited partnership.

  • .808   Liability of general partner and person dissociated as general partner when claim against limited partnership barred.

  • .809   Repealed, 2011.

  • .810  Repealed, 2011.

  • .811   Repealed, 2011.

  • .812   Disposition of assets -- When contributions required.

    • Foreign Limited Partnerships

  • .901   Governing law.

  • .902   Repealed, 2011.

  • .903   Repealed, 2011.

  • .904   Repealed, 2011.

  • .905   Repealed, 2011.

  • .906   Repealed, 2011.

  • .907   Repealed, 2011.

  • .908   Repealed, 2011.

  • .909   Repealed, 2011.

  • .910   Action by Attorney General.

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