Ky. Rev. Stat. § 272A.10-050

Current through 2024 Ky. Acts ch.225
Section 272A.10-050 - Distributions
(1) Unless the organic rules otherwise provide and subject to KRS 272A.10-070, the board of directors may authorize, and the limited cooperative association may make, distributions to members.
(2) Unless the organic rules otherwise provide, distributions to members may be made in any form, including money, capital credits, allocated patronage equities, revolving fund certificates, and the limited cooperative association's own or other securities.

KRS 272A.10-050

Added by 2012 Ky. Acts ch. 160,§ 81, eff. 7/11/2012.