275.1 60 Operations outside Kentucky -- Kentucky law controlling in cases of conflict. (1) A limited liability company may conduct its business, carry on its operations, and exercise the power granted by this chapter in any state or in any foreign country. (2) The personal liability of members, managers, employees, and agents of a limited liability company to any person or in any action or proceeding for the debts, obligations, or liabilities of a limited liability company or for the acts of omissions of other members, managers, employees, or agents of a limited company shall be governed solely and exclusively by this chapter and the laws of this Commonwealth. When a conflict arises between the law of this state and the laws of any other state with regard to the liability of the members of the limited liability company for the debts, obligations, and liabilities of the limited liability company, or of the acts or omissions of other members, managers, employees, or agents of the limited liability company, this Com monwealth's law shall be deemed to govern in determining the liability. Effective: July 15, 1994 History: Created 1994 Ky. Acts ch. 389, sec. 32, effective July 15, 1994.
Kentucky Legal Code