Kentucky Statement of Denial Of Partnership Authority

State:
Kentucky
Control #:
KY-SKU-0805
Format:
PDF
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Description

Statement of Denial

The Kentucky Statement of Denial Of Partnership Authority is a document that is filed with the Kentucky Secretary of State when two or more persons form a partnership in the state of Kentucky and wish to deny the partners' authority to act on behalf of the partnership. This document is used to limit the authority of partners and to protect the partners from any liabilities or obligations that may arise due to the actions of the other partners. There are two types of Kentucky Statement of Denial Of Partnership Authority: Limited Partnership Authority and General Partnership Authority. The Limited Partnership Authority limits the authority of the partners to act on behalf of the partnership to only those areas specified in the document, while the General Partnership Authority allows the partners to act on behalf of the partnership in all areas of business.

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Kentucky Statement of Denial Of Partnership Authority