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Kentucky · Snapshot 09/05/2026

KRS 362.1-405: Actions by partnership and partners.

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Where this section sits in the code

    (1) A partnership may maintain an action against a partner for a breach of the

    partnership agreement, or for the violation of a duty to the partnership causing harm

    to the partnership.

    (2) A partner may maintain an action against the partnership or another partner for legal

    or equitable relief, with or without an accounting as to partnership business, to:

    (a) Enforce the partner's rights under the partnership agreement;

    (b) Enforce the partner's rights under this subchapter, including:

    1. The partner's rights under KRS 362.1-401, 362.1-403, or 362.1-404;

    2. The partner's right on dissociation to have the partner's interest in the

    partnership purchased pursuant to KRS 362.1 -701 or enforce any other

    right under KRS 362.1-601 to 362.1-705; or

    3. The partner's right to compel a dissolution and winding up of the

    partnership business under or enforce any other right under KRS 362.1 -

    801 to 362.1-807; or

    (c) Enforce the rights and otherwise protect the interests of the partner, including

    rights and interests arising independently of the partnership relationship.

    (3) The accrual of, and any time limitation on, a right of action for a remedy under this

    section is governed by KRS Chapter 413. A right to an accounting upon a

    dissolution and winding up does not revive a claim barred by law.

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

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