{"data":{"id":"us-ky/krs-362.355","jurisdiction":"us-ky","citation":"KRS 362.355","heading":"Rights of retiring or estate of deceased partner when the business is","body":"continued.\nWhen any partner retires or dies, and the business is continued under any of the\nconditions set forth in subsections (1), (2), (3), (5), and (6) of KRS 362.350 or paragra ph\n(b) of subsection (2) of KRS 362.335, without any settlement of accounts as between him\nor his estate and the person or partnership continuing the business, unless otherwise\nagreed, he or his legal representative as against such persons or partnership m ay have the\nvalue of his interest at the date of dissolution ascertained, and shall receive as an ordinary\ncreditor an amount equal to the value of his interest in the dissolved partnership with\ninterest, or, at his option or at the option of his legal rep resentative, in lieu of interest, the\nprofits attributable to the use of his right in the property of the dissolved partnership;\nprovided that the creditors of the dissolved partnership as against the separate creditors,\nor the representative of the retire d or deceased partner, shall have priority on any claim\narising under this section, as provided by subsection (8) of KRS 362.350.","path":["KRS Chapter 362"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34330","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:55Z","sha256":"47aa99d885ae6caf3871fbee3227a8819d119d2439f69f9d3dd468b296cbd640","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.350","next":"us-ky/krs-362.360"},"notice":"GroundRules: Original legal text. Not legal advice."}