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Kentucky Revised Statutes

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Statutes Last Updated July 23, 2012

Includes Enactments through the 2012 Extraordinary Session
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KRS Chapter 275.00

  • .001   Short title for chapter.

  • .003   Construction of chapter.  

  • .005   Purpose of limited liability company.

  • .010   Powers of limited liability companies.

  • .015   Definitions for chapter.

  • .020   Procedure for forming limited liability company.  

  • .025   Contents of articles of organization.

  • .030   Amendment of articles of organization.

  • .035   Restatement of articles of organization.  

  • .040   Statement of change of mailing address.  

  • .045   Requirements for documents to be filed with the Secretary of State.  

  • .050   Repealed, 2011.

  • .055   Fees for filing documents with Secretary of State.  

  • .060   Repealed, 2011.

  • .065  Repealed, 2011.

  • .070   Repealed, 2011.

  • .075   Repealed, 2011.

  • .080   Repealed, 2011.

  • .085   Repealed, 2011.

  • .090   Repealed, 2011.

  • .095   Joint and several liability for knowingly purporting to act for nonexistent organization.

  • .100   Name of limited liability company.

  • .105   Repealed, 2011.

  • .110   Repealed, 2011.

  • .115   Registered office -- Registered agent.  

  • .120   Repealed, 2011.

  • .125   Repealed, 2011.

  • .130   Repealed, 2011.

  • .135   Members or managers as agents.

  • .140   Effect of statements by members or managers.

  • .145   Effect of notice to members or managers.

  • .150   Immunity from personal liability.  

  • .155   Proper parties to proceedings.

  • .160   Operations outside Kentucky -- Kentucky law controlling in cases of conflict.

  • .165   Management of company -- Delegation of powers.

  • .170   Duties of care and loyalty -- Approval of conflict of interest transactions -- Remedy for breach of the duty of loyalty.  

  • .175   Number of votes required to do business -- No right of dissent.

  • .177   Enforcement of limitations on amendment of operating agreement.

  • .180   Operating agreement provisions on personal liability and indemnification.

  • .185   Required records -- Inspection right of member -- Limitations upon use of records.

  • .190   Annual report.  

  • .195   Consideration for issuance of interest -- Members.

  • .200   Obligation to make contribution -- Compromise.

  • .205   Allocation of profits and losses among members.

  • .210   Distribution of cash or other assets.

  • .215   Repealed, 1998.

  • .220   Member not entitled to distribution other than in cash -- Restriction on in-kind distribution.

  • .225   Circumstances preventing distribution -- Determination -- Definition.

  • .230   Liability for unlawful distribution -- Effect of unlawful distribution -- Limitation of action.  

  • .235   Member's rights and remedies when entitled to receive a distribution.

  • .240   Title to property held by company.

  • .245   Transfer of property held in name of company.

  • .247   Sale of assets other than in regular course of business.

  • .250   Status of company interest as personal property.

  • .255   Assignment of interest.

  • .260   Member's transferable interest subject to charging order.

  • .265   Assignee of an interest as a member of the company.

  • .270   Repealed, 1998.

  • .275   Admission to membership in company.  

  • .280   Cessation of membership.  

  • .285   Dissolution of company.  

  • .290   Judicial dissolution.  

  • .295   Repealed, 2011.

  • .300   Winding up of affairs -- Effect of dissolution.  

  • .305   Binding acts of member or manager -- Notice of dissolution.  

  • .310   Distribution of assets.

  • .315   Articles of dissolution.

  • .320   Disposition of claims.

  • .325   Publication of notice of dissolution -- Barred claims -- Enforceable claims.  

  • .330   Use of company's name in judicial actions.

  • .335   Persons who may sue in company's name.  

  • .340   Repealed, 2010.

  • .345   Right of company to merge with other business entities -- Exception -- No right of dissent.

  • .350   Approval of proposed merger -- No right of dissent.

  • .355   Plan of merger.

  • .360   Articles of merger.

  • .365   Effect of merger.  

  • .370   Conversion of partnership or limited partnership to limited liability company.

  • .372   Conversion of limited liability company into limited partnership.  

  • .375   Effect of conversion.

  • .376   Conversion of corporation to limited liability company.

  • .377   Effect of conversion of corporation to limited liability company.

  • .380   Laws governing foreign limited liability company.

  • .385   Transaction of business by foreign limited liability company.  

  • .390   Repealed, 2011.

  • .395   Repealed, 2011.

  • .400   Repealed, 2011.

  • .405   Repealed, 2011.

  • .410   Repealed, 2011.

  • .415   Registered office and registered agent for foreign limited liability company.

  • .420   Repealed, 2011.

  • .425   Repealed, 2011.

  • .430   Repealed, 2011.

  • .435   Repealed, 2011.

  • .440   Repealed, 2011.

  • .445   Repealed, 2011.

  • .450   Repealed, 2011.

  • .454   Venue.

  • .455   Exercise of powers by Kentucky company in any state or country.

  • .500   Share exchange between corporation and limited liability company.

  • .505   Approval of plan of share exchange.

  • .510   Articles of share exchange.

  • .515   Effect of share exchange.

  • .520   Issuance of membership interests and distributions by nonprofit limited liability company prohibited.

  • .525   Loans to members and managers by nonprofit limited liability company prohibited.

  • .530   Distribution of assets of nonprofit limited liability company.

  • .535   Procedure in liquidation of nonprofit limited liability company by court.

  • .540   Involuntary dissolution of nonprofit limited liability company.

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