A member of a limited liability company shall not be a proper party to a proceeding by or against a limited liability company, solely by reason of being a member of the limited liability company, except if the object of the proceeding is to enforce a member's right against or liability to the limited liability company or as otherwise provided in an operating agreement.
KRS 275.155
Proper parties to proceedings
Known as the Kentucky Limited Liability Company Act
The act spans §§ 275–275 (110 sections).
Applied in 2 court decisions — leading case Pannell v. Shannon (2014)
Most recently applied in Pannell v. Shannon (March 2014)
Effective: July 15, 1994 History: Created 1994 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.