{"data":{"id":"us-ky/krs-273a.115","jurisdiction":"us-ky","citation":"KRS 273A.115","heading":"Distribution prohibited -- Compensation and other permitted payments.","body":"(1) Except as otherwise provided in subsection (2) of this section, an unincorporated\nnonprofit association shall not pay dividends or make distributions to a member or\nmanager.\n(2) An unincorporated nonprofit association may:\n(a) Pay reasonable compensation or reimburse reasonable expenses to a member\nor manager for services rendered;\n(b) Confer benefits on a member or manager in conformity with its nonprofit\npurposes;\n(c) Repurchase a membership and repay a capital contribution made by a member\nto the extent authorized by its governing principles; or\n(d) Make distributions of property to members upon winding up and termination\nto the extent permitted by KRS 273A.130.","path":["KRS Chapter 273A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=44347","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:26Z","sha256":"b92402104231351569f256c3382b1cf36030b8eae42589ccd2b3488293d01295","source_id":"us-ky","stale":false,"prev":"us-ky/krs-273a.110","next":"us-ky/krs-273a.120"},"notice":"GroundRules: Original legal text. Not legal advice."}