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2011 Kentucky Revised Statutes
CHAPTER 275 LIMITED LIABILITY COMPANIES
275.095 Joint and several liability for knowingly purporting to act for nonexistent organization.


KY Rev Stat § 275.095 (1996 through Reg Sess) What's This?
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275.095 Joint and several liability for knowingly purporting to act for nonexistent organization. All persons purporting to act as or on behalf of a limited liability company, knowing there has been no organization under this chapter, or who assume to act for a limited liability company without authority to do so, shall be jointly and severally liable for all liabilities created while so acting. Effective: July 15, 2010 History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 104, effective July 15, 2010. -- Amended 2007 Ky. Acts ch. 137, sec. 104, effective June 26, 2007. -Created 1994 Ky. Acts ch. 389, sec. 19, effective July 15, 1994. Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183, provides, "The specific textual provisions of Sections 1 to 178 of this Act which reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed effective as of June 26, 2007, and those provisions are hereby made expressly retroactive to that date, with the remainder of the text of those sections being unaffected by the provisions of this section."

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