273A.075 Duties of members.

KY Rev Stat § 273A.075 (2019) (N/A)
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273A.075 Duties of members. (1) A member shall not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member. (2) A member shall discharge any duties to the unincorporated nonprofit association and the other members and exercise any rights under this chapter consistent with the governing principles and the obligation of good faith and fair dealing. Effective: June 24, 2015 History: Created 2015 Ky. Acts ch. 34, sec. 26, effective June 24, 2015.