KRS 362.250: Partner accountable as a fiduciary.

(1) Every partner must account to the partnership for any benefit, and hold as trustee for

it any profits derived by him without the consent of the other partners from any

transaction connected with the formation, conduct, or liquidation of the partnership

or from any use by him of its property.

(2) This section applies also to the representatives of a deceased partner engaged in the

liquidation of the affairs of the partnership as the personal representatives of the last

surviving partner.

(3) That a transact ion was fair to the partnership shall not constitute a defense to the

breach of the obligation in subsection (1) of this section.