Kentucky Revised Statutes

Ky. Rev. Stat. § 362.150 (2026)

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✓ current as of May 2026

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KRS 362.150 to 362.360 may be cited as Uniform Partnership Act. Effective: June 26, 2007 History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. -- Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. -- Created 1954 Ky. Acts ch. 38, sec. 1, effective June 17, 1954.

Notes of Decisions

Cited in 5 cases (1 in the last 5 years), 1960–2025 · leading case: Sexton v. Sexton, 125 S.W.3d 258 (Ky. 2004).

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Sexton v. Sexton, 125 S.W.3d 258 (Ky. 2004). “The dissenting opinion in the Court of Appeals posited that because no provision exists in Kentucky’s Uniform Partnership Act (UPA), KRS 362.150 — 362.360, that “allows a married couple to share a single, undivided share of a partnership interest[,]” “the attempt to convey the…”

Curtis v. Campbell, 336 S.W.2d 355 (Ky. Ct. App. 1960). “Since the controversy arose prior to 1954, the Uniform Partnership Act (KRS 362.150 — 362.360) is not applicable.”

Dreisbach v. Eifler, 764 S.W.2d 631 (Ky. Ct. App. 1988). “The Kentucky Legislature adopted in 1954 the Uniform Partnership Act as embodied in KRS 362.150 et seq. That act provides specifically for ownership of property as a partnership entity and we can find no reason why this situation should be an exception to application of the…”

Virginia Partners, Ltd. v. Day, 738 S.W.2d 837 (Ky. Ct. App. 1987). · cites it 2× “KRS 362.150 ___.360. Our ULPA (KRS 352.410 ___.”

Little Bent Farm, LLC v. W. Kentucky Univ. (Ky. Ct. App. 2025). “The parties agree that the Kentucky Uniform Partnership Act (KUPA), KRS 362.150 et seq., controls this determination.”

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