{"data":{"id":"us-ky/krs-275.180","jurisdiction":"us-ky","citation":"KRS 275.180","heading":"Operating agreement provisions on personal liability and indemnification.","body":"A written operating agreement may:\n(1) Eliminate or limit the personal liability of a member or manager for monetary\ndamages for breach of any duty provided for in KRS 275.170; and\n(2) Provide for indemnification of a member or manager for judgments, settl ements,\npenalties, fines, or expenses incurred in a proceeding to which a person is a party\nbecause the person is or was a member or manager.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13865","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"44dad4a85f2ee904781036803db88d2d5559f52eab882c6c27b977d12df50d38","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.177","next":"us-ky/krs-275.185"},"notice":"GroundRules: Original legal text. Not legal advice."}