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Kentucky Revised Statutes Title XXIII. Private Corporations and Associations § 273A.125.Dissolution

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) An unincorporated nonprofit association may be dissolved as follows:

(a) If the governing principles provide a time or method for dissolution, at that time or by that method;

(b) If the governing principles do not provide a time or method for dissolution, upon approval by the members;

(c) If no member can be located and the association's operations have been discontinued for at least three (3) years, by the managers or, if the association has no current manager, by its last manager;

(d) By court order; or

(e) Under law other than this chapter.

(2) After dissolution, an unincorporated nonprofit association continues in existence until its activities have been wound up and it is terminated pursuant to KRS 273A.130.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXIII. Private Corporations and Associations § 273A.125.Dissolution - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxiii-private-corporations-and-associations/ky-rev-st-sect-273a-125/

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