{"data":{"id":"us-ky/krs-362.481","jurisdiction":"us-ky","citation":"KRS 362.481","heading":"Rights of judgment creditor.","body":"(1) This section provides the exclusive remedy by which the judgment creditor of a\npartner or the transferee of a partner may  satisfy a judgment out of the\njudgment debtor's transferable interest.\n(2) On  application to a court of competent jurisdiction by any judgment creditor of\na  partner or a partner's transferee, the court may  charge the transferable\ninterest of the judgment debtor with payment of the unsatisfied amount of the\njudgment. To the extent so charged, the judgment creditor has only the rights\nof a transferee, and shall have no right to participate in the management  of or\nto cause the dissolution of the partnership. The court may appoint a receiver of\nthe share of the distributions due or to become  due to the judgment debtor in\nrespect of the partnership and make all other orders, directions, accounts, and\ninquiries the judgment debtor might have made or which the circumstances of\nthe case may require to give effect to the charging order.\n(3) A  charging order constitutes a lien on and the right to receive distributions\nmade  with respect to the judgment debtor's transferable interest. A charging\norder does not of itself constitute an assignment of the transferable interest.\n(4) The court may order a foreclosure upon the transferable interest subject to the\ncharging order at any time. The purchaser at the foreclosure sale has the rights\nof a transferee.\n(5) At any time before foreclosure, an interest charged may be redeemed:\n(a) By the judgment debtor;\n(b) With property other than limited partnership property, by one (1) or more\nof the other partners; or\n(c) With limited partnership property, by the limited partnership with the\nconsent of all partners whose interests are not so charged.\n(6) This section does not deprive any partner or a partner's transferee of the\nbenefit of any exemption laws applicable to the partner's or transferee's\ntransferable interest.\n(7) The partnership is not a necessary party to an application for a charging order.\nService of the charging order on a partnership may  be made  by the court\ngranting the charging order or as the court may otherwise direct.\n(8) This section shall not apply to the enforcement of a judgment by a limited\npartnership against a partner of that partnership.\n(9) This section shall apply to the issuance of a charging order against the interest\nof a partner or assignee of a partner of a foreign partnership.","path":["KRS Chapter 362"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=47087","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:56Z","sha256":"dc4a6d42da7f3a371dfbd6e670339c051fd61607c05c63ba890035d972636e7f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.480","next":"us-ky/krs-362.483"},"notice":"GroundRules: Original legal text. Not legal advice."}