Code · Kentucky · Chapter 275 — Limited liability companies

275.540 Involuntary dissolution of nonprofit limited liability company.

81 words·~1 min read·/ky/chapter-275/275-540

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A nonprofit limited liability company may be involuntarily dissolved by a decree of the Circuit 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.