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Kentucky · Snapshot 09/05/2026

KRS 362.2-402: General partner agent of limited partnership.

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Where this section sits in the code

    (1) Each general partner is an agent of the limited partnership for the purposes of its

    activities. An act of a general partner, including the signing of a record in the

    partnership's name, for apparently carrying on in the ordinary course the limited

    partnership's activities or activities of the kind carried on by the limited partnership,

    binds the limited partnership, unless the general partner did not have authority to act

    for the limited partnership in the particular matter and the person with which the

    general partner was dealing knew, had received a notification, or had notice under

    KRS 362.2-103(4) that the general partner lacked authority.

    (2) An act of a general partner which is not apparently for carrying on in the ordinary

    course the limited partnersh ip's activities or activities of the kind carried on by the

    limited partnership binds the limited partnership only if the act was authorized by

    all the other partners.

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

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