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Kentucky · Snapshot 09/05/2026

KRS 362.1-403: Partner's rights and duties with respect to information.

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    (1) A partnership shall keep its books and records, if any, at its chief executive office.

    (2) A partnership shall provide partners and their agents and attorneys access to its

    books and records. It shall provide former partners and their agents and attorneys

    access to books and records pertaining to the period during which they were

    partners. The right of access provides the opportunity to inspect and copy books and

    records during ordinary business hours. A partnership may impose a reasonable

    charge, covering the costs of labor and material, for copies of documents furnished.

    (3) Each partner and the partnership shall furnish to a partner, and to the legal

    representative of a deceased partner or partner under legal disability:

    (a) Without demand, any informatio n concerning the partnership's business and

    affairs reasonably required for the proper exercise of the partner's rights and

    duties under the partnership agreement or this subchapter; and

    (b) On demand, any other information concerning the partnership's bus iness and

    affairs, except to the extent the demand or the information demanded is

    unreasonable or otherwise improper under the circumstances.

    (4) The partnership agreement may impose reasonable limitations upon use of

    information obtained under this sectio n and may define appropriate remedies,

    including liquidated damages, for the breach of any reasonable limitation on use.

    Collected 2026-09-05T20:58:57Z. Source file · JSON

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