{"data":{"id":"us-ky/krs-362.2-403","jurisdiction":"us-ky","citation":"KRS 362.2-403","heading":"Limited partnership liable for general partner's actionable conduct.","body":"(1) A limited partnership is liable for loss or injury caused to a person, or for a penalty\nincurred, as a result of a wrongful act or omission, or other actionable conduct, of a\ngeneral partner acting in the ordinary course of activities of the limited partne rship\nor with authority of the limited partnership.\n(2) If, in the course of the limited partnership's activities or while acting with authority\nof the limited partnership, a general partner receives or causes the limited\npartnership to receive money or property of a person not a partner, and the money or\nproperty is misapplied by a general partner, the limited partnership is liable for the\nloss.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34585","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:58Z","sha256":"da77cd73d41764e6ae5be561b4ba2616649ef86fab96102319c341bdfd2ff71f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.2-402","next":"us-ky/krs-362.2-404"},"notice":"GroundRules: Original legal text. Not legal advice."}