{"data":{"id":"us-ky/krs-362.270","jurisdiction":"us-ky","citation":"KRS 362.270","heading":"Nature of a partner's right in specific partnership property.","body":"(1) A partner is co-owner with his partners of specific partnership property holding as a\ntenant in partnership.\n(2) The incidents of this tenancy are such that:\n(a) A partner, subject to the provisions of KRS 362.150 to 362.360 and to any\nagreement between the partners, has an equal right with his partners to possess\nspecific partnership property for partnership purposes; but he has no right to\npossess such property for any other purpose without the consent of his\npartners.\n(b) A partner's right in specific  partnership property is not assignable except in\nconnection with the assignment of rights of all the partners in the same\nproperty.\n(c) A partner's right in specific partnership property is not subject to attachment\nor execution, except on a claim agains t the partnership. When partnership\nproperty is attached for a partnership debt the partners, or any of them, or the\nrepresentatives of a deceased partner, cannot claim any right under the\nhomestead or exemption laws.\n(d) On the death of a partner his rig ht in specific partnership property vests in the\nsurviving partner or partners, except where the deceased was the last surviving\npartner, when his right in such property vests in his legal representative. Such\nsurviving partner or partners, or the legal re presentative of the last surviving\npartner, has no right to possess the partnership property for any but a\npartnership purpose.\n(e) A partner's right in specific partnership property is not subject to dower,\ncurtesy, or allowances to widows, widowers, heirs, or next of kin.","path":["KRS Chapter 362"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34313","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:55Z","sha256":"c851b86c1a7904eaa794df0e332c288ad5ad85e40d4e8b59bad0649b1e101bd4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.265","next":"us-ky/krs-362.275"},"notice":"GroundRules: Original legal text. Not legal advice."}