Ky. Rev. Stat. Ann. ch. 272 – Cooperative Corporations And Associations | Midpage

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Kentucky Revised Statutes

Chapter 272

Ky. Rev. Stat. Ann. ch. 272

Cooperative Corporations And Associations

Commonwealth of Kentucky

272.010Definitions.272.020Organization of cooperative corporation - Officers -- Votes -- Quorum.272.030Reserve fund.272.040Cooperative companies may adopt KRS 272.020 to 272.044 -- Filing fee.272.042KRS provisions applicable to various cooperative corporation organizations.272.044Applicability of KRS 272.010(1) and 272.020 to 272.044.272.1001Definition of terms in KRS 272.101 to 272.341.272.101Purpose of law.272.111Association -- Purposes.272.121Who may organize -- Information as to probable success.272.131Articles of association, contents -- Filing effect.272.141Amendments to articles, how made -- Contents -- Filing.272.151Bylaws, adoption, contents -- Withdrawal of member -- Rights -- Amendment of bylaws.272.161Meetings, notice.272.171Board of directors -- Election -- Vacancies -- Compensation -- Executive committee -- Action taken without meeting.272.181Officers.272.191Who may become members.272.201Membership certificate -- Capital stock -- Payment for -- Voting rights -- Purchase or redemption of stock.272.203Liability of shareholder or member.272.205Member may withdraw on amendment of articles.272.211Powers of association.272.221Exclusive contracts for agricultural products -- Damages for violation -- Injunctive relief -- Notice to landlord or tenant.272.231Interest of association in other associations.272.241Sale, lease or exchange of all assets -- Procedure -- Mortgage or pledge of assets.272.251Contracts -- Joint employment by associations.272.261Removal of officers or directors -- Procedure.272.281Exemptions of members applicable to association.272.285Payment of small amounts due deceased member.272.291Unclaimed dividends, stocks, etc., disposal of.272.295Association not unlawful restraint of trade.272.301Merger of associations.272.305Consolidation of associations.272.311Merger or consolidation -- Procedures -- Articles to be filed and recorded -- Contents -- Effect.272.315Merger or consolidation with foreign associations, rights of members -- Enforcement.272.321Member objecting to merger or consolidation to be paid for stock -- Value, how fixed -- Disposal of shares.272.325Dissolution of association -- Procedure.272.331Association formed under prior law subject to this law -- Rights.272.333KRS 136.060 not applicable to membership certificates, stock, or other evidence of member, shareholder or patron interest.272.335Foreign association doing business.272.341Association without capital stock subject to Chapter 271B.272.345Association personnel indemnified against personal liability -- Compromise settlements -- Prior approval -- Payment of expenses and costs -- Purchase of insurance.272.360Legislative policy as to cooperative livestock protective associations.272.370Who may organize.272.380Purpose of associations.272.390Articles of incorporation -- What to set forth.272.400Amendments to articles.272.410Subscription and filing of articles -- Fees.272.420Bylaws.272.430Meetings.272.440Board of directors.272.450Officers.272.460Removal of officer or director.272.470Referendum on action of board of directors.272.480Other corporations may become livestock protective associations -- Procedure.272.490Members not liable for debts of association.272.500Department of Agriculture to assist in organizing associations.272.510Associations not subject to insurance laws.272.990Penalties.272.991Additional penalties for violation of KRS 506.010, 506.030, 506.040, 521.020, or 521.050.