Kentucky Statutes 272A.5-010 – Members — Becoming a member
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(1) To begin business, a limited cooperative association shall have at least two (2)
patron members unless the sole member is a cooperative. (2) A person becomes a member:
(a) As provided in the organic rules;
(b) As the result of a merger or conversion under Subchapter 16 of this chapter; or
(c) With the consent of all the members.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 30, effective July 12, 2012.
Legislative Research Commission Note (7/12/2012). The reference to “Subchapter 116” in subsection (2)(b) of 2012 Ky. Acts ch. 160, sec. 30, has been changed in codification to “Subchapter 16.” This manifest clerical or typographical error has been corrected by the Reviser of Statutes under the authority of KRS § 7.136(1).
patron members unless the sole member is a cooperative. (2) A person becomes a member:
Terms Used In Kentucky Statutes 272A.5-010
- 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
(a) As provided in the organic rules;
(b) As the result of a merger or conversion under Subchapter 16 of this chapter; or
(c) With the consent of all the members.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 30, effective July 12, 2012.
Legislative Research Commission Note (7/12/2012). The reference to “Subchapter 116” in subsection (2)(b) of 2012 Ky. Acts ch. 160, sec. 30, has been changed in codification to “Subchapter 16.” This manifest clerical or typographical error has been corrected by the Reviser of Statutes under the authority of KRS § 7.136(1).