{"data":{"id":"us-ky/krs-275.325","jurisdiction":"us-ky","citation":"KRS 275.325","heading":"Publication of notice of dissolution -- Barred claims -- Enforceable claims.","body":"(1) A dissolved limited liability company may publish notice of its dissolution pursuant\nto this section.\n(2) The notice shall:\n(a) Be published once in a newspaper of gene ral circulation in the county where\nthe limited liability company's principal office, or, if none in this state, its\nregistered office, is or was last located;\n(b) Describe the information that must be included in a claim and provide a\nmailing address where the claim may be sent; and\n(c) State that a claim against the limited liability company will be barred unless a\nproceeding to enforce the claim is commenced within two (2) years, or five (5)\nyears for a professional limited liability company, after the p ublication of the\nnotice.\n(3) If the dissolved limited liability company publishes a newspaper notice in\naccordance with subsection (2) of this section and, if required, files articles of\ndissolution pursuant to KRS 275.315, the claim of each of the follow ing claimants\nshall be barred unless the claimant commences a proceeding to enforce the claim\nagainst the limited liability company within two (2) years, or five (5) years for a\nprofessional limited liability company, after the later of publication date of  the\nnewspaper notice or the filing of the articles of dissolution pursuant to KRS\n275.315, the filing of a certificate of dissolution by the Secretary of State pursuant\nto KRS 14A.7 -020, or the filing of a decree of judicial dissolution by the Secretary\nof State pursuant to KRS 275.290(2):\n(a) A claimant who did not receive written notice under KRS 275.320;\n(b) A claimant whose claim was timely sent to the limited liability company but\nnot acted on;\n(c) A claimant whose claim is contingent or based on an e vent occurring after the\neffective date of dissolution.\n(4) A claim may be enforced under this section:\n(a) Against the limited liability company, to the extent of its undistributed assets;\nor\n(b) If the assets have been distributed in liquidation, against  a member of the\nlimited liability company to the extent of his pro rata share of the claim or the\nassets of the limited liability company distributed to him in liquidation,\nwhichever is less, but a member's total liability for all claims under this\nsection shall not exceed the total amount of assets, less liabilities assumed or\ntaken subject to, distributed to him.","path":["KRS Chapter 275"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=36719","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:27Z","sha256":"bc75a87a26444f634c11fda8d7ebde1b376c9a69a7edd92ec9d97b30ce8ad073","source_id":"us-ky","stale":false,"prev":"us-ky/krs-275.320","next":"us-ky/krs-275.330"},"notice":"GroundRules: Original legal text. Not legal advice."}