362.2-113 Dual capacity.

KY Rev Stat § 362.2-113 (2019) (N/A)
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362.2-113 Dual capacity. A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this subchapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations and restrictions under this subchapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations and restrictions under this subchapter and the partnership agreement for limited partners. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 92, effective July 12, 2006.