KRS 275.310: Distribution of assets.

Upon the winding up of a limited liability company, the assets shall be distributed as

follows:

(1) First, payment or adequate provisions for payment shall be made to creditors,

including, to the extent permitted by law, members who are creditors in satisf action

of liabilities of the limited liability company;

(2) Second, unless otherwise provided in a written operating agreement, to members

and assignees in satisfaction of liabilities for distributions under KRS 275.210; and

(3) Third, unless otherwise pro vided in a written operating agreement, to members and

assignees for the return of their contributions; and

(4) Fourth, unless otherwise provided in a written operating agreement, to members and

assignees in proportion to their respective rights to share i n distributions from the

limited liability company prior to dissolution.