KRS 272A.10-060: Redemption or repurchase of distributed property.

Property distributed to a member by a limited cooperative association, other than money,

may be redeemed or repurchased as provided in the organic rules, but a redemption or

repurchase may not be made without authorization by the board of directors. The bo ard

may withhold authorization for any reason in its sole discretion. A redemption or

repurchase is treated as a distribution for purposes of KRS 272A.10-070.