KRS 362.475: Liability upon return of contributions.

(1) (a) If a partner receives the return of any part of his contribution without violation

of the partnership agreement or KRS 362.403 to 362.525, he shall be liable to

the limited partnership for a period of one (1) year thereafter for the amount of

the returned contribution, without interest, but only to the extent necessary to

discharge the limited partnership's liabilities to creditors who extended credit

to the limited partnership during the period the contribution was held by the

limited partnership.

(b) If a partner receives the return of any part of his contribution in violation of

the partnership agreement or KRS 362.403 to 362.525, he shall be liable to the

limited partnership for a period of six (6) years thereafter for the amount of

the contribution, without interest, wrongfully returned.

(2) A partner shall receive a return of his contribution to the extent that a distribution to

him reduces his share of the fair value of the net assets of the limited partnership

below the value, as set forth in the part nership records required to be kept pursuant

to KRS 362.409, of his contribution which has not been distributed to him.