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KRS 273A.030

Liability for association debts and obligations

Known as the Kentucky Uniform Unincorporated Nonprofit Association Act

The act spans §§ 273–273 (33 sections).

Effective: June 24, 2015 History: Created 2015 Ky

(1) If the association has filed a certificate of association with the Secretary of State, a debt, obligation, or other liability of an unincorporated nonprofit association, whether arising in contract, tort, or otherwise accruing or arising after the filing of the certificate is:

(a) Solely the debt, obligation, or other liability of the association; and (b) Not a debt, obligation, or other liability of a member or manager solely because the member acts as a member or the manager acts as a manager.

(2) Subsection (1) of this section shall not affect the liability of a member or manager of an association for his or her own negligence, wrongful acts, or misconduct.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.