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Kentucky · Snapshot 09/05/2026

KRS 275.172: Expulsion of member of limited liability company -- Conditions.

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Where this section sits in the code
  1. KRS Chapter 275

(1) On application by the limited liability company, a person is expelled as a member

by judicial order:

(a) If the person has engaged or is engaging in wrongful conduct that has

adversely and materially affected, or will adversely and materially affect, the

company's activities;

(b) If the person has willfully or persistently committed, or is willfully and

persistently committing, a material breach of the operating agreement or the

person's duties or obligations under KRS 275.170;

(c) If the person has engaged or is engaging in conduct relating to the company's

activities which makes it not reasonably practicable to carry on the activities

with the person as a member; or

(d) For such other reasons as are set forth in a written agreement.

(2) Upon the effective date of the expulsion, the expelled member shall be dissociated

from and cease to be a member of the company and with respect to the expelled

member's limited liability company interest shall be an assignee.

(3) Except as set forth in a written operating agreement, the dissociation of a member in

accordance with this section does not entitle the former member or any assignee to

any distribution.

Collected 2026-09-05T20:53:27Z. Source file · JSON

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