Ky. Rev. Stat. » Chapter 362
Kentucky Revised Statutes

Ky. Rev. Stat. § 362.1-203 (2026)

Partnership property

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Property transferred to or otherwise acquired by a partnership is property of the partnership and not of the partners individually. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 26, effective July 12, 2006.

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2022–2022 · leading case: Peoples Bank of Marion v. Nutrien Ag Solutions, Inc., No. 1:21-cv-00149 (W.D. Ky. Sept. 29, 2022).
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Peoples Bank of Marion v. Nutrien Ag Solutions, Inc., No. 1:21-cv-00149 (W.D. Ky. Sept. 29, 2022). “KRS 362.1-203. Where, as here, individual partners acquire property and do not document its transfer to the partnership, the law presumes that the individual partner continues to hold the property.”
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