{"data":{"id":"us-ky/krs-275.247","jurisdiction":"us-ky","citation":"KRS 275.247","heading":"Sale of assets other than in regular course of business.","body":"(1) Except as may be otherwise provided in a written operating agreement, a limited\nliability company may sell, lease, exchange, or otherwise dispose of all or\nsubstantially all of its property with or without the good will, otherwise than in the\nusual and reg ular course of business, on the terms and conditions and for the\nconsideration determined by a majority-in-interest of the members.\n(2) Unless otherwise provided in the articles of organization or a written operating\nagreement, no member shall have the rig ht to dissent from a sale, lease, exchange,\nor other disposition by a limited liability company of all or substantially all of its\nproperty outside the ordinary course of business.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13879","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"16107ca483dd73356082c852354498e347c8117da8f9d5070374856a4ca03fa9","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.245","next":"us-ky/krs-275.250"},"notice":"GroundRules: Original legal text. Not legal advice."}