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Code · Kentucky · Chapter 362 — Partnerships

362.441 Limited partner's right to information.

126 words·~1 min read·/ky/chapter-362/362-441

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Each limited partner may:
(1)Inspect and copy any of the partnership records required to be maintained by KRS
362.409; and
(2)Obtain from the general partners from time to time, upon reasonable demand, and
subject to such reasonable standards as may be set forth in the partnership
agreement, or otherwise established by the general partners, and for any purpose
reasonably related to the limited partner's interest as a limited partner:
(a)True and full information regarding the state of the business and financial
condition of the limited partnership;
(b)Promptly after becoming available, copies of the limited partnership's federal,
state, and local income tax returns for each year; and
(c)Such other information regarding the affairs of the limited partnership as is
just and reasonable.
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