362.2-931 Direct actions by partner.

KY Rev Stat § 362.2-931 (2019) (N/A)
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362.2-931 Direct actions by partner. (1) Subject to subsection (2) of this section, a partner may maintain a direct action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership's activities, to enforce the rights and otherwise protect the interests of the partner, including rights and interests under the partnership agreement or this subchapter or arising independently of the partnership relationship. (2) A partner bringing a direct action under this section is required to plead and prove an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited partnership. (3) The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 171, effective July 12, 2006. Formerly codified as KRS 362.2-1001.