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Kentucky · Snapshot 09/05/2026

KRS 362.1-602: Partner's power to dissociate -- Wrongful dissociation.

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    (1) A partner has the power to dissociate at any time, rightfully or wrongfully, by

    express will pursuant to KRS 362.1-601(1).

    (2) A partner's dissociation is wrongful only if any of the following apply:

    (a) It is in breach of an express provision of the partnership agreement; or

    (b) In the case of a partnership for a definite term or particular undertaking, before

    the expiration of the term or the completion of the undertaking if any of the

    following apply:

    1. The partner withdraws by express will, unless the withdrawal follows

    within ninety (90) days after another partner's dissociation by death or

    otherwise under KRS 362.1 -601(6) to (10) or wrongful dissociation

    under this subsection;

    2. The partner is expelled by judicial determination under KRS 362.1 -

    601(5);

    3. The partner is dissociated by becoming a debtor in bankruptcy; or

    4. In the case of a partner who is not an individual, trust other than a

    business trust, or estate, the partner is expelled or otherwise dissociated

    because it willfully dissolved or terminated.

    (3) A partner who wrongfully dissociates is liable to the partnership and to the other

    partners for damages caused by the dissociation. The liability is in addition to any

    other obligation of the partner to the partnership or to the other partners.

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

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