275.020 Procedure for forming limited liability company.
149 words·~1 min read·
/ky/chapter-275/275-020A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)One
(1)or more persons may serve as the organizer and form a limited liability
company by delivering articles of organization to the Secretary of State for filing. It
shall not be necessary that the person or persons be members of the limited liability
company.
(2)Unless a delayed effective date is specified, the existence of the limited liability
company shall begin when the articles of organization are filed by the Secretary of
State. If a delayed effective date is specified, the existence of the limited liability
company shall begin when the articles of organization are effective as specified in
KRS 14A.2-070.
(3)The Secretary of State's filing of the articles of organization shall be conclusive
proof that the organizer or organizers satisfied all conditions precedent to
organization, except in a proceeding by the state to cancel or revoke the
organization or involuntarily dissolve the limited liability company.