{"data":{"id":"us-ky/krs-272a.11-020","jurisdiction":"us-ky","citation":"KRS 272A.11-020","heading":"Effect of member's dissociation.","body":"(1) Upon a member's dissociation:\n(a) Subject to KRS 272A.11 -030, the person has no further rights as a member;\nand\n(b) Subject to KRS 272A.11 -030 and Subchapter 16 of this chapter, any financial\nrights owned by the person in the person's capacity as a member immediately\nbefore dissociation are owned by the person as a transferee.\n(2) A person's dissociation as a member does not of itself discharge the person from\nany debt, obligation, or liability to the limited cooperative association which the\nperson incurred under the organic rules, by contract, or by other means while a\nmember.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41062","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:22Z","sha256":"1f3a25c153eac37539ca5dc47d0f20a81697bb9363794c9f1817204cefb98c47","source_id":"us-ky","stale":false,"prev":"us-ky/krs-272a.11-010","next":"us-ky/krs-272a.11-030"},"notice":"GroundRules: Original legal text. Not legal advice."}