2016 Kentucky Revised Statutes
CHAPTER 273A - KENTUCKY UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
.040 Judgment against association.

Download as PDF 273A.040 Judgment against association. (1) (2) A judgment or order against an unincorporated nonprofit association is not by itself a judgment or order against a member or manager. Pursuant to this chapter, a judgment creditor of an unincorporated nonprofit association shall not levy execution against the assets of a member to satisfy a judgment based on a claim against the association unless: (a) A judgment based on the same claim has been obtained against the association and a writ of execution on the judgment has been returned unsatisfied in whole or in part; (b) The association is a debtor in bankruptcy; (c) The member has agreed that the creditor need not exhaust association assets; or (d) Liability is imposed on the member by law or contract independent of the existence of the association. Effective: June 24, 2015 History: Created 2015 Ky. Acts ch. 34, sec. 19, effective June 24, 2015.