Kentucky Revised Statutes Title XXIII. Private Corporations and Associations § 275.310.Distribution of assets

(1) First, payment or adequate provisions for payment shall be made to creditors, including, to the extent permitted by law, members who are creditors in satisfaction of liabilities of the limited liability company;

(2) Second, unless otherwise provided in a written operating agreement, to members and assignees in satisfaction of liabilities for distributions under KRS 275.210; and

(3) Third, unless otherwise provided in a written operating agreement, to members and assignees for the return of their contributions; and

(4) Fourth, unless otherwise provided in a written operating agreement, to members and assignees in proportion to their respective rights to share in distributions from the limited liability company prior to dissolution.