{"data":{"id":"us-ky/krs-272a.8-020","jurisdiction":"us-ky","citation":"KRS 272A.8-020","heading":"Liability as director for limited cooperative association's obligations.","body":"(1) A debt, obligation, or other liability of a limited cooperative association is solely\nthat of the association and is not a debt, obligation, or liability of a director solely by\nreason of being a director. An individual is not personally liable, directly or\nindirectly, for an obligation of an association solely by reason of being a director.\n(2) Subsection (1) of this section shall not affect the liability of a director o f an\nassociation for his or her own negligence, wrongful acts, or misconduct.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41031","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:22Z","sha256":"bb8046ef8729790d4837851d97584ca06e666ef55947636645e28c14dbf12d5b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-272a.8-010","next":"us-ky/krs-272a.8-030"},"notice":"GroundRules: Original legal text. Not legal advice."}