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Kentucky · Snapshot 09/05/2026

KRS 362.2-502: Liability for contribution.

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Where this section sits in the code

    (1) A partner's obligation to contribute money, property, or other benefit to, or to

    perform services for, a limited partnership is not excused by the partner's death,

    disability, or other inability to perform personally.

    (2) If a partner does not make a promi sed contribution of property or services, then the

    partner is obligated at the option of the limited partnership to contribute money

    equal to that portion of the value, as stated in the required information, of the stated

    contribution which has not been made.

    (3) The obligation of a partner to make a contribution or return money or other property

    paid or distributed in violation of this subchapter may be compromised only by

    consent of all partners. A creditor of a limited partnership which extends credit or

    otherwise acts in reliance on an obligation described in subsection (1) of this

    section, and without notice of any compromise under this subsection, may enforce

    the original obligation.

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

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