273A.030 Liability for association debts and obligations.
112 words·~1 min read·
/ky/chapter-273a/273a-030A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.