CHAPTER 272A. KENTUCKY UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT


Subchapter 1. General Provisions
1-010. Short title.
1-020. Definitions.
1-030. Limited cooperative association subject to amendment or repeal of chapter.
1-040. Nature of limited cooperative association.
1-050. Purpose and duration of limited cooperative association.
1-060. Powers.
1-070. Governing law.
1-080. Supplemental principles of law.
1-090. Relation to restraint of trade and antitrust laws.
1-100. Name.
1-110. Effect of organic rules.
1-120. Required information.
1-130. Dual capacity -- Business transactions of member with limited cooperative association.
1-140. Registered office and agent.
Subchapter 2. Filings with the Secretary of State
2-010. Signing of records delivered for filing to Secretary of State.
2-020. Signing and filing of records pursuant to judicial order.
2-030. Liability for inaccurate information in filed record.
2-040. Annual report for Secretary of State.
2-050. Filing fees.
Subchapter 3. Organization
3-010. Organizers -- Formation of limited cooperative association -- Articles of association.
3-020. Organization of limited cooperative association.
3-030. Bylaws.
Subchapter 4. Amendment of Organic Rules
4-010. Authority to amend organic rules.
4-020. Notice and action on amendment of organic rules.
4-030. Method of voting on amendment of organic rules.
4-040. Voting by district, class, or voting group.
4-050. Approval of amendment.
4-060. Restated articles of association.
4-070. Amendment or restatement of articles of association -- Filing.
Subchapter 5. Members
5-010. Members -- Becoming a member.
5-020. No power as member to bind association.
5-030. Liability as member for association's obligations.
5-040. Right of member to information.
5-050. Annual meeting of members.
5-060. Special meeting of members.
5-070. Notice of members meeting.
5-080. Waiver of notice.
5-090. Quorum of members.
5-100. Voting by patron members -- Determination of voting power of patron member.
5-110. Voting by investor members.
5-120. Voting requirements for members.
5-130. Manner of voting -- Proxies.
5-140. Action without a meeting.
5-150. Districts and delegates -- Classes of members.
Subchapter 6. Member's Interest in Limited Cooperative Association
6-010. Member's interest.
6-020. Patron and investor members' interests.
6-030. Transferability of member's interest.
6-040. Security interest and set-off.
6-050. Charging order.
Subchapter 7. Marketing Contracts
7-010. Definition of marketing contract.
7-020. Marketing contracts -- Title and enforcement.
7-030. Duration of marketing contracts.
7-040. Remedies for breach of marketing contract.
Subchapter 8. Board of Directors -- Officers
8-010. Board of directors.
8-020. Liability as director for limited cooperative association's obligations.
8-030. Director qualifications.
8-040. Election of directors and composition of board.
8-050. Term of directors.
8-060. Resignation of director.
8-070. Removal of director.
8-080. Suspension of director by board.
8-090. Vacancy on board.
8-100. Remuneration of directors.
8-110. Board meetings.
8-120. Board action without meeting.
8-130. Meetings and notice.
8-140. Waiver of notice of meeting.
8-150. Quorum.
8-160. Voting.
8-170. Committees.
8-180. Fiduciary standards of directors -- Conflict of interest.
8-190. Other considerations of directors.
8-200. Right of director or committee member to information.
8-210. Appointment and authority of officers.
8-220. Resignation and removal of officers.
Subchapter 9. Indemnification
9-010. Indemnification and advancement.
Subchapter 10. Contributions, Allocations, and Distributions
10-010. Member contributions.
10-020. Contribution and valuation.
10-030. Contribution agreements.
10-040. Allocation of profits and losses.
10-050. Distributions.
10-060. Redemption or repurchase of distributed property.
10-070. Limitations on distributions.
10-080. Liability for improper distributions.
Subchapter 11. Member Dissociation
11-010. Member's dissociation.
11-020. Effect of member's dissociation.
11-030. Power of estate of member.
Subchapter 12. Dissolution of a Limited Cooperative Association
12-010. Dissolution and winding up.
12-020. Nonjudicial dissolution.
12-030. Judicial dissolution.
12-040. Voluntary dissolution before commencement of activity.
12-050. Voluntary dissolution by board of directors and members.
12-060. Winding up.
12-070. Distribution of assets in winding up.
12-080. Known claims against dissolved limited cooperative association.
12-090. Unknown claims against dissolved limited cooperative association.
12-100. Court proceedings.
12-110. Articles of dissolution.
Subchapter 13. Actions by a Member Against a Limited Cooperative Association
13-010. Derivative actions.
13-020. Proper plaintiff.
13-030. Pleading derivative action.
13-040. Approval of discontinuance or settlement.
13-050. Proceeds and expenses.
Subchapter 14. Foreign Limited Cooperative Associations
14-010. Foreign limited cooperative associations.
14-020. Action by Attorney General.
Subchapter 15. Disposition of Assets
15-010. Disposition of assets not requiring member approval.
15-020. Member approval of other asset dispositions.
15-030. Notice and action in asset disposition.
15-040. Disposition of assets.
Subchapter 16. Mergers and Conversions
16-010. Definitions.
16-020. Conversion of foreign entity into limited cooperative association.
16-030. Effect of conversion.
16-040. Merger.
16-050. Notice of and action on plan of merger.
16-060. Approval of merger -- Abandonment.
16-070. Articles of merger -- Effective date.
16-080. Effect of merger.
16-090. Treatment of merger as a consolidation.
16-100. Article not exclusive.
Subchapter 17. Miscellaneous Provisions
17-010. Uniformity of interpretation.
17-020. Electronic signature.
17-030. Savings clause.
17-040. Transition.
CHAPTER 273. RELIGIOUS, CHARITABLE, AND EDUCATIONAL SOCIETIES -- NONSTOCK, NONPROFIT CORPORATIONS
CHAPTER 274. PROFESSIONAL SERVICE CORPORATIONS
CHAPTER 275. LIMITED LIABILITY COMPANIES