KRS 362.1-301: Partner agent of partnership.

Subject to the effect of a statement of partnership authority under KRS 362.1-303:

(1) Each partner is an agent of the partnership for the purpose of its business. An act of

a partner, including the execution of an instrument in the partnership name, for

apparently carrying on in the ordinary course the partnership business or business of

the kind carried on by the partnership binds the partnership, unless the partner had

no authority to act for the partnership in the particular matter and the person with

whom the partner was dealing had notice that the partner lacked authority.

(2) An act of a partner which is not apparently for carrying on in the ordinary course the

partnership business or business of the kind carried on by the partnership binds the

partnership only if the act was authorized by all of the other partners.