Kentucky Revised Statutes · § 275.140 — Effect of statements by members or managers
275.140. Effect of statements by members or managers
(1) Except as provided in subsection (2) of this section, an admission, statement, or representation made by any member concerning the business or affairs of a limited liability company within the scope of the member's authority as provided for by this chapter shall be evidence against the limited liability company.
(2) If the articles of organization provide that management of the limited liability company is vested in a manager or managers:
(a) An admission, statement, or representation made by a manager concerning the business or affairs of a limited liability company within the scope of the manager's authority as provided for by this chapter shall be evidence against the limited liability company; and
(b) The admission, statement, or representation of any member, acting solely in the capacity of a member, shall not constitute evidence against the limited liability company.
Source notes
Effective: July 15, 1994
History and annotations
Created 1994 Ky. Acts ch. 389, sec. 28, effective July 15, 1994.
Source captured 2026-09-25. Open the official source.