{"data":{"id":"us-ky/krs-362.2-402","jurisdiction":"us-ky","citation":"KRS 362.2-402","heading":"General partner agent of limited partnership.","body":"(1) Each general partner is an agent of the limited partnership for the purposes of its\nactivities. An act of a general partner, including the signing of a record in the\npartnership's name, for apparently carrying on in the ordinary course the limited\npartnership's activities or activities of the kind carried on by the limited partnership,\nbinds the limited partnership, unless the general partner did not have authority to act\nfor the limited partnership in the particular matter and the person with which the\ngeneral partner was dealing knew, had received a notification, or had notice under\nKRS 362.2-103(4) that the general partner lacked authority.\n(2) An act of a general partner which is not apparently for carrying on in the ordinary\ncourse the limited partnersh ip's activities or activities of the kind carried on by the\nlimited partnership binds the limited partnership only if the act was authorized by\nall the other partners.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34584","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:58Z","sha256":"cee21de9aeb7817844e2723ad1e238c745cd29de8d4929369d6d62bd600eb7a5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.2-401","next":"us-ky/krs-362.2-403"},"notice":"GroundRules: Original legal text. Not legal advice."}