KRS 362.2-805: Liability after dissolution of general partner and person dissociated as
Where this section sits in the code
general partner to limited partnership, other general partners, and persons
dissociated as general partner.
(1) If a general partner having knowledge of the dissolution causes a limited partnership
to incur an obligation under KRS 362.2 -804(1) by an act that is not appropriate for
winding up the partnership's activities, then the general partner is liable:
(a) To the limited partnership for any damage caused to the limited partn ership
arising from the obligation; and
(b) If another general partner or a person dissociated as a general partner is liable
for the obligation, to that other general partner or person for any damage
caused to that other general partner or person arising from that liability.
(2) If a person dissociated as a general partner causes a limited partnership to incur an
obligation under KRS 362.2-804(2), then the person is liable:
(a) To the limited partnership for any damage caused to the limited partnership
arising from the obligation; and
(b) If a general partner or another person dissociated as a general partner is liable
for that obligation, then to that general partner or other person for any damage
caused to that general partner or other person arising from that liability.
Collected 2026-09-05T20:58:58Z. Source file · JSON