Go to previous versions of this Section
2022 (you are here)
2021
2020
2019
2018
Other previous versions

2022 Kentucky Revised Statutes
Chapter 272 - Cooperative corporations and associations
272.490 Members not liable for debts of association.

Universal Citation: KY Rev Stat § 272.490 (2022)
Previous Next

Download as PDF
272.490 Members not liable for debts of association. (1) (2) No member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on the member's membership fee, including any unpaid balance on any promissory notes given in payment thereof. Subsection (1) of this section shall not affect the liability of a member of an association for his or her own negligence, wrongful acts, or misconduct. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 133, sec. 14, effective July 15, 2010. -- Created 1942 Ky. Acts ch. 88, sec. 15.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.