KRS 362.2-509: Liability for improper distributions.

(1) A general partner that consents to a distribution made in violation of KRS 362.2 -

508 is personally liable to the limited partnership for the amount of the distribution

which exceeds the amount that could have been distributed without the violation if

it is established that in consenting to the distribution the general partner failed to

comply with KRS 362.2-408.

(2) A partner or transferee that knew a distribution was made in violation of KRS

362.2-508 is personally liable to the limited partnership but onl y to the extent that

the distribution received by the partner or transferee exceeded the amount that could

have been properly paid under KRS 362.2-508.

(3) A general partner against which an action is brought under subsection (1) of this

section may:

(a) Implead in the action any other person that as a general partner consented to

the distribution in violation of subsection (1) of this section and compel

contribution from that person; and

(b) Implead in the action any person that received a distribution in violation of

subsection (2) of this section and compel contribution from that person in the

amount that person received in violation of subsection (2) of this section.

(4) A proceeding under this section is barred if it is not commenced within two (2)

years after the distribution.