Kentucky Revised Statutes

Ky. Rev. Stat. § 362.275 (2026)

Nature of partner's interest in the partnership

✓ current as of May 2026

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A partner's interest in the partnership is his share of the profits and surplus, and the same is personal property. 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 -- Repealed 2006 Ky.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. 26, effective June 17, 1954.

Notes of Decisions

Cited in 2 cases, 1960–1988 · leading case: Lynch v. Kentucky Tax Comm'n, 333 S.W.2d 257 (Ky. Ct. App. 1960).

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Lynch v. Kentucky Tax Comm'n, 333 S.W.2d 257 (Ky. Ct. App. 1960). “Section 59-56 of the General Statutes of North Carolina is identical with KRS 362.275, and is as follows: “A partner’s interest in the partnership is his share of the profits and surplus, and the same is personal property.”

Dreisbach v. Eifler, 764 S.W.2d 631 (Ky. Ct. App. 1988). “KRS 362.275. A partner’s interest in the partnership is a property right which may be conveyed to third persons.”

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