Ky. Rev. Stat. § 273A.030

Current through 2024 Ky. Acts ch.225
Section 273A.030 - Liability for association debts and obligations
(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.

KRS 273A.030

Added by 2015 Ky. Acts ch. 34,§ 17, eff. 6/22/2015.