362.175 Partnership defined.
113 words·~1 min read·
/ky/chapter-362/362-175A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A partnership is an association of two
(2)or more persons to carry on as co-owners
a business for profit and includes, for all purposes of the laws of this
Commonwealth, a registered limited liability partnership.
(2)But any association formed under any other statute of this state, or any statute
adopted by authority, other than the authority of this state, is not a partnership under
KRS 362.150 to 362.360, unless such association would have been a partnership in
this state prior to the adoption of KRS 362.150 to 362.360; but KRS 362.150 to
362.360 shall apply to limited partnerships except insofar as the statutes relating to
such partnerships are inconsistent herewith.