For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Distribution of assets

KRS 304.33-450
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
304.33-450. Distribution of assets Payments to creditors. Under the direction of the court the liquidator shall pay dividends in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third-party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 33, sec. 45, effective June 18, 1970.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29865Fetched: 10/20/2026

Starting a business in Kentucky? Kentucky LLC guide: costs and requirements