KRS 272A.4-010: Authority to amend organic rules.

(1) A limited cooperative association may amend its organic rules for any lawful

purpose. In addition, the initial board of directors may amend the bylaws of an

association under KRS 272A.3-030.

(2) Unless the organic rules otherwise provide, a member does not have a vested

property right resulting from any provision in the organic rules, including a

provision relating to the management, control, capital structure, distribution,

entitlement, purpose, or duration of the limited cooperative association.