Kentucky Statutes 362.1-901 – Definitions for KRS 362.1-901 to 362.1-908
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As used in KRS § 362.1-901 to KRS § 362.1-908:
(1) “Converted organization” means the entity resulting from a conversion; (2) “Converting organization” means the entity undertaking a conversion;
(3) “General partner” means a partner in a partnership and a general partner in a limited partnership;
(4) “Limited liability company” means a limited liability company organized under the Kentucky Limited Liability Company Act or comparable law of another jurisdiction;
(5) “Limited liability partnership” means a limited liability partnership as provided for in KRS § 362.1-931;
(6) “Limited partner” means a limited partner in a limited partnership;
(7) “Limited partnership” means a limited partnership created under the Kentucky Uniform Limited Partnership Act (2006), predecessor law, or comparable law of another jurisdiction; and
(8) “Partner” includes both a general partner and a limited partner.
Effective: July 12, 2012
History: Amended 2012 Ky. Acts ch. 81, sec. 117, effective July 12, 2012. — Created
2006 Ky. Acts ch. 149, sec. 61, effective July 12, 2006.
(1) “Converted organization” means the entity resulting from a conversion; (2) “Converting organization” means the entity undertaking a conversion;
Terms Used In Kentucky Statutes 362.1-901
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Entity: means a corporation, foreign corporation, not-for-profit corporation, profit or not-for-profit unincorporated association, business or statutory trust, estate, partnership, limited partnership, trust, two (2) or more persons having a joint or common economic interest, and a state, national, or foreign government. See Kentucky Statutes 362.1-101
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Limited liability partnership: means a partnership that has filed a statement of qualification under KRS §. See Kentucky Statutes 362.1-101
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: means an association of two (2) or more persons to carry on as co- owners a business for profit formed under KRS §. See Kentucky Statutes 362.1-101
(3) “General partner” means a partner in a partnership and a general partner in a limited partnership;
(4) “Limited liability company” means a limited liability company organized under the Kentucky Limited Liability Company Act or comparable law of another jurisdiction;
(5) “Limited liability partnership” means a limited liability partnership as provided for in KRS § 362.1-931;
(6) “Limited partner” means a limited partner in a limited partnership;
(7) “Limited partnership” means a limited partnership created under the Kentucky Uniform Limited Partnership Act (2006), predecessor law, or comparable law of another jurisdiction; and
(8) “Partner” includes both a general partner and a limited partner.
Effective: July 12, 2012
History: Amended 2012 Ky. Acts ch. 81, sec. 117, effective July 12, 2012. — Created
2006 Ky. Acts ch. 149, sec. 61, effective July 12, 2006.