{"data":{"id":"us-ky/krs-362.1-301","jurisdiction":"us-ky","citation":"KRS 362.1-301","heading":"Partner agent of partnership.","body":"Subject to the effect of a statement of partnership authority under KRS 362.1-303:\n(1) Each partner is an agent of the partnership for the purpose of its business. An act of\na partner, including the execution of an instrument in the partnership name, for\napparently carrying on in the ordinary course the partnership business or business of\nthe kind carried on by the partnership binds the partnership, unless the partner had\nno authority to act for the partnership in the particular matter and the person with\nwhom the partner was dealing had notice that the partner lacked authority.\n(2) An act of a partner which is not apparently for carrying on in the ordinary course the\npartnership business or business of the kind carried on by the partnership binds the\npartnership only if the act was authorized by all of the other partners.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34477","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:57Z","sha256":"de7a855eacc0bdd45b5c605768cf4e7d696eb10af43f60e6c65db49894d017e2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.1-204","next":"us-ky/krs-362.1-302"},"notice":"GroundRules: Original legal text. Not legal advice."}