KRS 362.1-803: Right to wind up partnership business.

(1) After dissolution, a partner who has not wrongfully dissociated may participate in

winding up the partnership's business, but on application of any partner, partner's

legal representative, or transferee, the Circuit Court for the county in which the

registered office is located or, if none, the Franklin Circuit Court, for good cause

shown, may order judicial supervision of the winding up.

(2) The legal representative of the last surviving partner may wind up a partnership's

business.

(3) A person winding up a partnership's business may preserve the partnership business

or property as a going concern for a reasonable time, prosecute and defend actions

and proceedings, whether civil, criminal, or administrative, settle and close the

partnership's business, dis pose of and transfer the partnership's property, discharge

the partnership's liabilities, distribute the assets of the partnership pursuant to KRS

362.1-807, settle disputes by mediation or arbitration, and perform other necessary

acts.