273A.080 Admission, suspension, dismissal, or expulsion. (1) A person becomes a member and may be suspended, dismissed, or expelled in accordance with the association's governing principles. If there are no applicable governing principles, a person may become a member or be suspended, dismissed, or expelled from an association only by a vote of its members. A person shall not be admitted as a member without the person's consent. (2) Unless the governing principles provide otherwise, the suspension, dismissal, or expulsion of a member shall not relieve the member from any unpaid capital contribution, dues, assessments, fees, or other obligation incurred or commitment made by the member before the suspension, dismissal, or expulsion. Effective: June 24, 2015 History: Created 2015 Ky. Acts ch. 34, sec. 27, effective June 24, 2015.
Kentucky Legal Code