Title XXIII, Private Corporations and Associations

The directors shall elect from their number a president and one or more vice presidents. They shall also elect a secretary and a treasurer, who need not be directors or members of the association; and they may combine the two (2) latter offices and designate the combined office a…

(1) Any member may bring charges against an officer or director by filing them in writing with the secretary of the association, together with a petition signed by five percent (5%) of the members, requesting the removal of the officer or director in question. The removal shall b…

Upon demand of one-third (1/3) of the entire board of directors any matter that has been approved or passed by the board must be referred to the entire membership for decision at the next special or regular meeting; provided, however, that a special meeting may be called for that…

Procedure. (1) Any corporation or association organized under previously existing statutes may, by a majority vote of its members, be brought under the provisions of KRS 272.360 to 272.510 by limiting its membership and adopting the other restrictions as provided herein. It shall…

(1) 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. (2) Subsection (1) of this section shall not affect the li…

The state Department of Agriculture of the Commonwealth of Kentucky is hereby directed to assist in the organization of any association desiring to incorporate under the provisions of KRS 272.360 to 272.510 when requested to do so in writing by any twenty (20) or more eligible pe…

Associations incorporated under the provisions of KRS 272.360 to 272.510 shall be exempt from the provisions of law, now or hereafter enacted, relating to insurance companies or other organizations of a like or similar nature.

(1) Any corporation, association or company using the word "cooperative" as part of its name in violation of KRS 272.044 shall be fined not less than fifty dollars ($50) nor more than one thousand dollars ($1,000), and may be enjoined from doing business under that name by any co…

521.020, or 521.050. (1) If a domestic cooperative corporation or association is convicted of a violation of KRS 506.010, 506.030, 506.040, 521.020, or 521.050, or if an officer, employee, or agent of the corporation or association is convicted of violating any section specified …