(1) The failure of a registered limited liability partnership to comply with any requirements of KRS 362.555 shall not impair the validity of any contract, deed, mortgage, security interest, lien, or act of the registered limited liability partnership or preve nt the registered limited liability partnership from defending any action, suit, or proceeding in any court of this Commonwealth. (2) Subject to subsection (3) of this section, the protection from liability of a partner of a registered limited liability pa rtnership under KRS 362.220(2) shall not be altered by reason of the failure of the partnership to comply with any requirements of KRS 362.555. (3) A partner in a partnership which has previously filed a statement under KRS 362.555, and which has failed to comply with the renewal statement requirements of KRS 362.555, shall not be entitled to protection from liability under KRS 362.220(2) in any action or proceeding brought by any person who did business with the partnership during the period it failed to c omply and who did not at that time have actual knowledge that it was a limited liability partnership.
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