362.605 Suits by and against partnerships -- Effect of judgments.
143 words·~1 min read·
/ky/chapter-362/362-605A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A general partnership may sue or be sued in its real name. A judgment by or against
a partnership shall bind the partnership as if it were a legal entity. A judgment
against a partnership shall not bind a partner in his individual capacity except to the
extent permitted by KRS 362.220.
(2)A limited partnership may sue or be sued in its real name. A judgment by or against
a limited partnership shall bind the limited partnership as a legal entity. Judgment
against a limited partnership shall not bind a general partner in his, her or its
individual capacity except to the extent permitted by KRS 362.447 and 362.220,
and only if the general partner is named as a party in the action.
(3)The real name of a partnership or limited partnership shall be determined in
accordance with KRS 365.015.