{"data":{"id":"us-ky/krs-275.220","jurisdiction":"us-ky","citation":"KRS 275.220","heading":"Member not entitled to distribution other than in cash -- Restriction on in-","body":"kind distribution.\nUnless otherwise provided in a written operating agreement:\n(1) A member, regardless of the nature of the member's contribution, shall not have a\nright to d emand and receive any distribution from the limited liability company in\nany form other than cash;\n(2) A member shall not be compelled to accept from a limited liability company a\ndistribution of any asset in kind to the extent that the percentage of the a sset\ndistributed to the member exceeds the percentage that the member would have\nshared in a cash distribution equal to the value of the property at the time of\ndistribution; and\n(3) The property of a limited liability company shall not be subject to KRS\n381.135(1)(a)1.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13873","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"e120d8c4964b95b82042c4a0157c6828b7d4da22338cbea2a79d9372b0da1610","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.215","next":"us-ky/krs-275.225"},"notice":"GroundRules: Original legal text. Not legal advice."}