KRS 362.485: Power of estate of deceased or incompetent partner.

If a partner who is an individual dies, or a court of competent jurisdiction adjudges a

partner who is an individual to be incompetent to manage his person or his property, the

partner's executor, administrator, guardian, conservator, or other legal repres entative may

exercise all the partner's rights for the purpose of settling his estate or administering his

property, including any power the partner had to give an assignee the right to become a

limited partner. If a partner is a corporation, partnership, trust, or other entity and is

dissolved or terminated, the powers of that partner may be exercised by its legal

representative or successor.