{"data":{"id":"us-ky/krs-272a.12-020","jurisdiction":"us-ky","citation":"KRS 272A.12-020","heading":"Nonjudicial dissolution.","body":"Except as otherwise provided in KRS 272A.12 -030 and 272A.12 -040, a limited\ncooperative association is dissolved and its activities shall be wound up:\n(1) Upon the occurrence of an event or at a time specified in the articles of association;\n(2) Upon the ac tion of the association's organizers, board of directors, or members\nunder KRS 272A.12-040 or 272A.12-050; or\n(3) Ninety (90) days after the dissociation of a member, which results in the association\nhaving one (1) patron member and no other members, unless the association:\n(a) Has a sole member that is a cooperative; or\n(b) Not later than the end of the ninety (90) day period, admits at least one (1)\nmember in accordance with the organic rules and has at least two (2)\nmembers, at least one (1) of which is a patron member.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41065","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:22Z","sha256":"b984f142d6e1d03e44278b6482cfcd2ad84ff729d6d843d98d94981df0f5128b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-272a.12-010","next":"us-ky/krs-272a.12-030"},"notice":"GroundRules: Original legal text. Not legal advice."}