A limited liability company shall be dissolved, and it shall commence to wind up its affairs upon the happening of the first to occur of the following: (1) The expiration of the term of the limited liability company set forth in the articles of organization, if any; (2) Upon the occurrence of events specified in the articles of organization or a written operating agreement; (3) Unless otherwise set forth in the operating agreement, the written consent of all of the members of a limited liability company; (4) There are no remaining members, except that the limited liability company shall not be dissolved and its affairs shall not be wound up when: (a) A member is admitted to the limited liability company in the manner provided for in a written operating agree ment, effective as of the occurrence of the event that terminated the continued membership of the last remaining member; or (b) Unless otherwise provided in a written operating agreement, within ninety (90) days after the occurrence of the event that termi nated the continued membership of the last remaining member, the successor-in-interest of the last remaining member agrees in writing to continue the limited liability company and to the admission of the successor -in-interest of that member or its designee to the limited liability company as a member, effective as of the occurrence of the event that terminated the continued membership of the last remaining member; (5) Entry of a decree of judicial dissolution under KRS 275.290; or (6) Filing of a certificate of dissolution by the Secretary of State under KRS 14A.7-020; but (7) If a nonprofit limited liability company does not have members, subsection (4) of this section shall not apply.
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