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362.220 Nature of partner's liability.
(1)
Except as provided in subsection (2) of this section, all partners shall be
liable:
(a) Jointly and severally for everything chargeable to the partnership under
KRS 362.210 and 362.215; and
(b) Jointly for all other debts and obligations of the partnership; but any
partner may enter into a separate obligation to perform a partnership
contract.
(2) Subject to subsection (3) of this section and subject to any agreement among
the partners, a partner in a registered limited liability partnership shall not be
liable directly or indirectly, including by way of indemnification, contribution,
assessment or otherwise, for debts, obligations, and liabilities of or chargeable
to the partnership, whether arising in tort, contract, or otherwise, arising from
negligence, malpractice, wrongful acts, or misconduct committed while the
partnership is a registered limited liability partnership and in the course of the
partnership business by another partner or an employee, agent, or
representative of the partnership.
(3) Subsection (2) of this section shall not affect the liability of a partner in a
registered limited liability partnership for his own negligence, wrongful acts, or
misconduct.
Effective:June 26, 2007
History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239,
which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137,
sec. 180, effective June 26, 2007. -- Repealed 2006 Ky. Acts ch. 149, sec. 239,
effective January 1, 2008. -- Amended 1994 Ky. Acts ch. 389, sec. 97, effective
July 15, 1994. -- Created 1954 Ky. Acts ch. 38, sec. 15, effective June 17, 1954.
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