There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 275 LIMITED LIABILITY COMPANIES
275.540 Involuntary dissolution of nonprofit limited liability company.
Download pdfCircuit Court in an action filed by the Attorney General when it is established that:
(1) The nonprofit limited liability company is guilty of abuse or misuse of its powers, privileges, or franchises, or the nonprofit limited liability company has become
detrimental to the interest and welfare of this Commonwealth or its citizens; or (2) The nonprofit limited liability company procured its articles of organization through fraud. Effective: July 15, 2010
History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 13, effective July 15, 2010. -- Created 2007 Ky. Acts ch. 137, sec. 13, effective June 26, 2007. 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."
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.