KRS 275.210: Distribution of cash or other assets.

Except as otherwise provided in KRS 275.310, distributions of cash or other assets of a

limited liability company shall be allocated among the members and among classes of

members in the manner provided in writing in an operating agreement. If the operatin g

agreement does not so provide in writing, each member shall share in any distribution on

the basis of the agreed value, as stated in the records of the limited liability company as

required by KRS 275.185, of the contributions made by each member to the extent they

have been received by the limited liability company and have not been returned. A

member shall be entitled to receive distributions described in this section from a limited

liability company to the extent and at the times or upon the happenings of the events

specified in an operating agreement or at the times determined by the members or

managers pursuant to KRS 275.175.