GroundRules
← Search the law
Kentucky · Snapshot 09/05/2026

KRS 362.2-604: Person's power to dissociate as general partner -- Wrongful dissociation.

Read at publisher ↗
Where this section sits in the code

    (1) A person has the power to dissociate as a general partner at any time, rightfully or

    wrongfully, by express will pursuant to KRS 362.2-603(1).

    (2) A person's dissociation as a general partner is wrongful only if:

    (a) It is in breach of an express provision of the partnership agreement; or

    (b) It occurs before the termination of the limited partnership and:

    1. The person withdraws as a general partner by express will;

    2. The person is expelled as a general partner by judicial determination

    under KRS 362.2-603(5);

    3. The person is dissociated as a general partner by becoming a debtor in

    bankruptcy; or

    4. In the case of a person that is not an individual, trust other than a

    business trust, or estate, the person is expelled or otherwise dissociated

    as a general partner because it willfully dissolved or terminated.

    (3) A person that wrongfully dissociates as a general partner is liable to the limited

    partnership and, subject to KRS 362.2-931, to the other partners for damages caused

    by the dissociation. The liability is in addition to any other obligation of the general

    partner to the limited partnership or to the other partners.

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

    Browse this collection