KRS 362.2-403: Limited partnership liable for general partner's actionable conduct.

(1) A limited partnership is liable for loss or injury caused to a person, or for a penalty

incurred, as a result of a wrongful act or omission, or other actionable conduct, of a

general partner acting in the ordinary course of activities of the limited partne rship

or with authority of the limited partnership.

(2) If, in the course of the limited partnership's activities or while acting with authority

of the limited partnership, a general partner receives or causes the limited

partnership to receive money or property of a person not a partner, and the money or

property is misapplied by a general partner, the limited partnership is liable for the

loss.