{"data":{"id":"us-ky/krs-362.493","jurisdiction":"us-ky","citation":"KRS 362.493","heading":"Distribution of assets.","body":"Upon the winding up of a limited partnership, the assets shall be distributed as follows:\n(1) To creditors, including partners who are creditors, to the extent permitted by law, in\nsatisfaction of liabilities of the limited partnership, other than liabilit ies for\ndistributions to partners under KRS 362.403 to 362.525;\n(2) Except as otherwise provided in the partnership agreement, to partners and former\npartners in satisfaction of liabilities for distributions under KRS 362.403 to\n362.525; and\n(3) Except as otherwise provided in the partnership agreement, to partners first for the\nreturn of their contributions and secondly, respecting their partnership interests, in\nthe proportions in which the partners share in distributions.","path":["KRS Chapter 362"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34386","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:56Z","sha256":"1d5b8606fd5d009387b6d014145afb508e85fb8c4e5152a977d51362bc5184b5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-362.491","next":"us-ky/krs-362.495"},"notice":"GroundRules: Original legal text. Not legal advice."}