362.315 Right of partner to contribution from co-partners after dissolution.
114 words·~1 min read·
/ky/chapter-362/362-315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his co-partners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless:
(1)The dissolution being by act of any partner, the partner, acting for the partnership
had knowledge of the dissolution;
(2)The dissolution being by the death or bankruptcy of a partner, the partner acting for
the partnership had knowledge or notice of the death or bankruptcy; or
(3)The liability arises from a debt, obligation, or liability for which the partner is not
liable as provided in KRS 362.220(2).