Kentucky Statutes 273A.085 – Member resignation
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(1) A member may resign as a member in accordance with the governing principles. In the absence of applicable governing principles, a member may resign at any time.
(2) Unless the governing principles provide otherwise, resignation of a member shall not relieve the member from any unpaid capital contribution, dues, assessments, fees, or other obligation incurred or commitment made by the member before resignation.
(3) The governing principles may impose reasonable limitations upon the access to or use of any record of or information with respect to the unincorporated nonprofit association. Except as to limitations set forth in governing principles to which the member or manager requesting information has assented, the association bears the burden of proof in demonstrating the reasonableness of any restrictions imposed.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 34, sec. 28, effective June 24, 2015.
(2) Unless the governing principles provide otherwise, resignation of a member shall not relieve the member from any unpaid capital contribution, dues, assessments, fees, or other obligation incurred or commitment made by the member before resignation.
Terms Used In Kentucky Statutes 273A.085
- Governing principles: means the agreements, whether oral, in a record, or implied from its established practices, that govern the purpose or operation of an unincorporated nonprofit association and the rights and obligations of its members and manager. See Kentucky Statutes 273A.005
- Manager: means a person that is responsible, whether alone or in concert with others, for the management of an unincorporated nonprofit association. See Kentucky Statutes 273A.005
- Member: means a person that, under the governing principles, may participate in the selection of persons authorized to manage the affairs of the unincorporated nonprofit association or in the development of the policies and activities of the association. See Kentucky Statutes 273A.005
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Kentucky Statutes 273A.005
- Unincorporated nonprofit association: means an unincorporated organization consisting of two (2) or more members joined under an agreement that is oral, in a record, or implied from conduct, for one (1) or more common, nonprofit purposes. See Kentucky Statutes 273A.005
(3) The governing principles may impose reasonable limitations upon the access to or use of any record of or information with respect to the unincorporated nonprofit association. Except as to limitations set forth in governing principles to which the member or manager requesting information has assented, the association bears the burden of proof in demonstrating the reasonableness of any restrictions imposed.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 34, sec. 28, effective June 24, 2015.