273A.010 Entity -- Perpetual existence -- Powers. (1) An unincorporated nonprofit association is a legal entity distinct from its members and managers. (2) An unincorporated nonprofit association shall have perpetual duration unless the governing principles specify otherwise. (3) An unincorporated nonprofit a ssociation shall have the same powers as an individual to do all things necessary or convenient to carry on its purposes. (4) An unincorporated nonprofit association may engage in profit -making activities, but profits from any activities shall be used or s et aside for the association's nonprofit purposes. Effective: June 24, 2015 History: Created 2015 Ky. Acts ch. 34, sec. 13, effective June 24, 2015.
Kentucky Legal Code