{"data":{"id":"us-ky/krs-275.310","jurisdiction":"us-ky","citation":"KRS 275.310","heading":"Distribution of assets.","body":"Upon the winding up of a limited liability company, the assets shall be distributed as\nfollows:\n(1) First, payment or adequate provisions for payment shall be made to creditors,\nincluding, to the extent permitted by law, members who are creditors in satisf action\nof liabilities of the limited liability company;\n(2) Second, unless otherwise provided in a written operating agreement, to members\nand assignees in satisfaction of liabilities for distributions under KRS 275.210; and\n(3) Third, unless otherwise pro vided in a written operating agreement, to members and\nassignees for the return of their contributions; and\n(4) Fourth, unless otherwise provided in a written operating agreement, to members and\nassignees in proportion to their respective rights to share i n distributions from the\nlimited liability company prior to dissolution.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13892","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"4ecafac91d671efa5ab0019eef997a4e36dc358ba30ea11ba02c9c0df26d049d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.305","next":"us-ky/krs-275.315"},"notice":"GroundRules: Original legal text. Not legal advice."}