KRS 362.1-802: Partnership continues after dissolution.

(1) Subject to subsection (2) of this section, a partnership continues after dissolution

only for the purpose of winding up its business. The partnership is terminated when

the winding up of its business is completed.

(2) At any time after the dissolution of a partnership and before the winding up of its

business is completed, all of the partners, including any dissociating partner other

than a wrongfully dissociating partner, may waive the right to have the partnership's

business wound up and the partnership terminated. In that event:

(a) The partnership resumes carrying on its business as if dissolution had never

occurred, and any liability incurred by the partnership or a partner after the

dissolution and before the waiver is determined as if dissolution had never

occurred; and

(b) The rights of a third party accruing under KRS 362.1 -804(1) or arising out of

conduct in reliance on the dissolution before the third party has notice of the

waiver shall not be adversely affected.

(3) The dissolution of a partnersh ip that is or was a limited liability partnership shall

not abate or suspend KRS 362.1-306(3).