Skip to content

Kentucky Revised Statutes · § 362.1-403 — Partner's rights and duties with respect to information

362.1-403. Partner's rights and duties with respect to information

(1) A partnership shall keep its books and records, if any, at its chief executive office.

(2) A partnership shall provide partners and their agents and attorneys access to its books and records. It shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they were partners. The right of access provides the opportunity to inspect and copy books and records during ordinary business hours. A partnership may impose a reasonable charge, covering the costs of labor and material, for copies of documents furnished.

(3) Each partner and the partnership shall furnish to a partner, and to the legal representative of a deceased partner or partner under legal disability:

(a) Without demand, any information concerning the partnership's business and affairs reasonably required for the proper exercise of the partner's rights and duties under the partnership agreement or this subchapter; and

(b) On demand, any other information concerning the partnership's business and affairs, except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances.

(4) The partnership agreement may impose reasonable limitations upon use of information obtained under this section and may define appropriate remedies, including liquidated damages, for the breach of any reasonable limitation on use.

Source notes

Effective: July 12, 2006

History and annotations

Created 2006 Ky. Acts ch. 149, sec. 38, effective July 12, 2006.

Official source for this version

Source captured 2026-09-25. Open the official source.

General legal information, not legal advice. Jurisio is not a law firm.