Kentucky Statutes 362.1-201 – Partnership as entity
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(1) A partnership is an entity distinct from its partners.
(2) A limited liability partnership is a partnership and continues to be the same entity that existed before the filing of a statement of qualification under KRS § 362.1-931.
Effective: July 12, 2006
History: Created 2006 Ky. Acts ch. 149, sec. 24, effective July 12, 2006.
(2) A limited liability partnership is a partnership and continues to be the same entity that existed before the filing of a statement of qualification under KRS § 362.1-931.
Terms Used In Kentucky Statutes 362.1-201
- Entity: means a corporation, foreign corporation, not-for-profit corporation, profit or not-for-profit unincorporated association, business or statutory trust, estate, partnership, limited partnership, trust, two (2) or more persons having a joint or common economic interest, and a state, national, or foreign government. See Kentucky Statutes 362.1-101
- Limited liability partnership: means a partnership that has filed a statement of qualification under KRS §. See Kentucky Statutes 362.1-101
- Partnership: means an association of two (2) or more persons to carry on as co- owners a business for profit formed under KRS §. See Kentucky Statutes 362.1-101
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Statement: means a statement of partnership authority under KRS §. See Kentucky Statutes 362.1-101
Effective: July 12, 2006
History: Created 2006 Ky. Acts ch. 149, sec. 24, effective July 12, 2006.