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Kentucky · Snapshot 09/05/2026

KRS 362.487: Nonjudicial dissolution.

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Where this section sits in the code
  1. KRS Chapter 362

A limited partnership shall be dissolved, and its affairs shall be wound up, upon the

happening of the first to occur of the following events:

(1) At the time specified in the certificate of limited partnership;

(2) An event specified in writing in the partnership agreement;

(3) The written consent of all partners;

(4) An event of withdrawal of a general partner, unless at the time there is at least one

(1) other general partner, and the written provisions of the partnership agreement

permit the business of the limited partnership to be carried on by the remaining

general partner and that partner does so; but the limited partnership shall not be

dissolved and shall not be required to be wound up by reason of any event of

withdrawal if, within ninety (90) day s after the withdrawal, all partners agree in

writing to continue the business of the limited partnership and to the appointment of

one (1) or more additional general partners if necessary or desired; or

(5) The entry of a decree of judicial dissolution under KRS 362.489.

Collected 2026-09-05T20:58:56Z. Source file · JSON

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