Kentucky Revised Statutes
Includes enactments through the 2025 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 03/29/2026
.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.
.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.
.3-010 Organizers -- Formation of limited cooperative association -- Articles of association.
.3-020 Organization of limited cooperative association.
.3-030 Bylaws.
.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.
.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.
.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.
.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.
.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.
.9-010 Indemnification and advancement.
.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.
.11-010 Member's dissociation.
.11-020 Effect of member's dissociation.
.11-030 Power of estate of member.
.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.
.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.
.14-010 Foreign limited cooperative associations.
.14-020 Action by Attorney General.
.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.
.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.
.17-010 Uniformity of interpretation.
.17-020 Electronic signature.
.17-030 Savings clause.
.17-040 Transition.