KRS 275.247: Sale of assets other than in regular course of business.
Where this section sits in the code
- 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