Kentucky Statutes 362.2-704 – Power of estate of deceased partner
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If a partner dies, then the deceased partner’s executor, administrator, or other legal representative may exercise the rights of a transferee as provided in KRS § 362.2-702 and, for the purposes of settling the estate, may exercise the rights of a current limited partner under KRS § 362.2-304.
Effective: July 12, 2006
History: Created 2006 Ky. Acts ch. 149, sec. 148, effective July 12, 2006.
Effective: July 12, 2006
Terms Used In Kentucky Statutes 362.2-704
- Executor: A male person named in a will to carry out the decedent
- Limited partner: means :
(a) With respect to a limited partnership, a person that:
1. See Kentucky Statutes 362.2-102 - Partner: means a limited partner or general partner. See Kentucky Statutes 362.2-102
- Transferee: means a person to which all or part of a transferable interest has been transferred, whether or not the transferor is a partner. See Kentucky Statutes 362.2-102
History: Created 2006 Ky. Acts ch. 149, sec. 148, effective July 12, 2006.