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Kentucky · Snapshot 09/05/2026

KRS 275.247: Sale of assets other than in regular course of business.

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  1. KRS Chapter 275

(1) Except as may be otherwise provided in a written operating agreement, a limited

liability company may sell, lease, exchange, or otherwise dispose of all or

substantially all of its property with or without the good will, otherwise than in the

usual and reg ular course of business, on the terms and conditions and for the

consideration determined by a majority-in-interest of the members.

(2) Unless otherwise provided in the articles of organization or a written operating

agreement, no member shall have the rig ht to dissent from a sale, lease, exchange,

or other disposition by a limited liability company of all or substantially all of its

property outside the ordinary course of business.

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

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