Kentucky Statutes 272A.5-020 – No power as member to bind association
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A member, solely by reason of being a member, may not act for or bind the limited cooperative association.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 31, effective July 12, 2012.
Effective: July 12, 2012
Terms Used In Kentucky Statutes 272A.5-020
- Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
- Member: means a person that is admitted as a patron member or investor member, or both, in a limited cooperative association. See Kentucky Statutes 272A.1-020
History: Created 2012 Ky. Acts ch. 160, sec. 31, effective July 12, 2012.