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Kentucky Revised Statutes Title XXIX. Commerce and Trade § 362.605.Suits by and against partnerships; effect of judgments

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXIX. Commerce and Trade § 362.605.Suits by and against partnerships; effect of judgments - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxix-commerce-and-trade/ky-rev-st-sect-362-605/

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