Ky. Rev. Stat. § 362.315

Current through 2024 Ky. Acts ch. 225

Section 362.315 - Right of partner to contribution from co-partners after dissolution

Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his co-partners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless:

(1) The dissolution being by act of any partner, the partner, acting for the partnership had knowledge of the dissolution;

(2) The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy; or

(3) The liability arises from a debt, obligation, or liability for which the partner is not liable as provided in KRS 362.220(2).

KRS 362.315

Effective:6/26/2007
Repeal the prior repeal contained in 2006, Ky. Acts ch. 149, sec. 239, which was to have been effective 1/1/2008, 2007, Ky. Acts ch. 137, sec. 180, effective6/26/2007. -- Repealed 2006, Ky. Acts ch. 149, sec. 239, effective 1/1/2008. -- Amended 1994 Ky. Acts ch. 389, sec. 99, effective 7/15/1994. -- Created 1954 Ky. Acts ch. 38, sec. 34, effective 6/17/1954.