{"data":{"id":"us-ky/krs-275.195","jurisdiction":"us-ky","citation":"KRS 275.195","heading":"Consideration for issuance of interest -- Members.","body":"(1) A limited liability company interest may be issued in exchange for consideration\nconsisting of cash, property, services rendered, or a promissory note or other\nobligation to contribute cash or property or to perform services.\n(2) A person may be admitted to a limited liability company as a member of the limited\nliability company and may receive a limited liability company interest without\nmaking a contribution or being obligated to make a contribution to the limited\nliability company.\n(3) Unless otherwise provided in the operating agreement, a person may be admitted to\na limited liability company as a member without acquiring a limited liability\ncompany interest.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13868","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"3860587bfe4d8f059c7a06e8d76a50d9c6c2153e806d7f77c6d4b17c2adb43e7","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.190","next":"us-ky/krs-275.200"},"notice":"GroundRules: Original legal text. Not legal advice."}