Ky. Rev. Stat. § 272A.10-060
Current through 2024 Ky. Acts ch.225
Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules, but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of KRS 272A.10-070.
KRS 272A.10-060