KRS 272.490: Members not liable for debts of association.

(1) No member shall be liable for the debts of the association to an amount exceeding

the sum remaining unpaid on the member's membership fee, including any unpaid

balance on any promissory notes given in payment thereof.

(2) Subsection (1) of this section sha ll not affect the liability of a member of an

association for his or her own negligence, wrongful acts, or misconduct.