KRS 362.1-101: Definitions for subchapter.

As used in this subchapter, unless the context otherwise requires:

(1) "Business" includes every trade, occupation, and profession;

(2) "Debtor in bankruptcy" means a person who is the subject of:

(a) An order for relief under Title 11 of the United States Code or a comparable

order under a successor statute of general application; or

(b) A comparable order under federal, state, or foreign law governing insolvency;

(3) "Deliver" or "delivery" means any method of delivery used in conventional

commercial prac tice, including delivery by hand, mail, commercial delivery, and

electronic transmission;

(4) "Distribution" means a transfer of money or other property from a partnership to a

partner in the partner's capacity as a partner or to the transferee of all or a part of a

partner's transferable interest;

(5) "Electronic transmission" or "electronically transmitted" means any process of

communication not directly involving the physical transfer of paper that is suitable

for the retention, retrieval, and reproduction of information by the recipient;

(6) "Entity" means a corporation, foreign corporation, not -for-profit corporation, profit

or not -for-profit unincorporated association, business or statutory trust, estate,

partnership, limited partnership, trust, two (2 ) or more persons having a joint or

common economic interest, and a state, national, or foreign government;

(7) "Foreign limited liability partnership" means a partnership that:

(a) Is formed under laws other than the laws of this Commonwealth; and

(b) Has the status of a limited liability partnership under those laws;

(8) "Limited liability partnership" means a partnership that has filed a statement of

qualification under KRS 362.1 -931 and does not have a similar statement in effect

in any other jurisdiction;

(9) "Name of record with the Secretary of State" means any real, fictitious, reserved,

registered, or assumed name of an entity;

(10) "Partnership" means an association of two (2) or more persons to carry on as co -

owners a business for profit formed under KRS 362.1 -202, predecessor law, or

comparable law of another jurisdiction;

(11) "Partnership agreement" means the agreement, whether written, oral, or implied,

among the partners concerning the partnership, includin g amendments to the

partnership agreement;

(12) "Partnership at will" means a partnership in which the partners have not agreed to

remain partners until the expiration of a definite term or the completion of a

particular undertaking;

(13) "Partnership inte rest" or "partner's interest in the partnership" means all of a

partner's interests in the partnership, including the partner's transferable interest and

all management and other rights;

(14) "Person" means an individual, an entity, or any other legal or commercial entity;

(15) "Professional partnership" means a partnership organized under this subchapter or

the laws of another state or foreign country for purposes that include, but are not

limited to, the providing of one (1) or more professional services. Except as

otherwise expressly provided in this subchapter, all provisions of this subchapter

governing partnerships shall be applicable to professional partnerships;

(16) "Professional services" mean the personal services rendered by physicians,

osteopaths, optometrists, podiatrists, chiropractors, dentists, nurses, pharmacists,

psychologists, occupational therapists, veterinarians, engineers, architects,

landscape architects, certified public accountants, public accountants, physical

therapists, and attorneys;

(17) "Property" means all property, real, personal, or mixed, tangible or intangible, or

any interest therein;

(18) "Regulatory board" means the agency that is charged by law with the licensing and

regulation of the practice of the profession which t he professional partnership is

organized to provide;

(19) "Sign" or "signature" includes any manual, facsimile, conformed, or electronic

signature;

(20) "State" means a state of the United States, the District of Columbia, the

Commonwealth of Puerto Rico, or any territory or insular possession subject to the

jurisdiction of the United States;

(21) "Statement" means a statement of partnership authority under KRS 362.1 -303, a

statement of denial under KRS 362.1 -304, a statement of dissociation under KRS

362.1-704, a statement of dissolution under KRS 362.1 -805, a statement of merger

under KRS 362.1 -907, a statement of qualification under KRS 362.1 -931, a

statement of foreign qualification under KRS 362.1 -951, or an amendment or

cancellation of any of the foregoing; and

(22) "Transfer" includes an assignment, conveyance, lease, mortgage, deed, and

encumbrance.