KRS 362.355: Rights of retiring or estate of deceased partner when the business is

continued.

When any partner retires or dies, and the business is continued under any of the

conditions set forth in subsections (1), (2), (3), (5), and (6) of KRS 362.350 or paragra ph

(b) of subsection (2) of KRS 362.335, without any settlement of accounts as between him

or his estate and the person or partnership continuing the business, unless otherwise

agreed, he or his legal representative as against such persons or partnership m ay have the

value of his interest at the date of dissolution ascertained, and shall receive as an ordinary

creditor an amount equal to the value of his interest in the dissolved partnership with

interest, or, at his option or at the option of his legal rep resentative, in lieu of interest, the

profits attributable to the use of his right in the property of the dissolved partnership;

provided that the creditors of the dissolved partnership as against the separate creditors,

or the representative of the retire d or deceased partner, shall have priority on any claim

arising under this section, as provided by subsection (8) of KRS 362.350.