Ky. Rev. Stat. § 155.100

Current through 2024 Ky. Acts ch. 225

Section 155.100 - Duration of membership - Withdrawal

Membership in the corporation shall be for the duration of the corporation; provided that,

(1) Upon written notice given to the corporation three (3) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice;

(2) A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the notice of intention to withdraw of said member.

KRS 155.100

Effective:3/21/1960
Created 1960 Ky. Acts ch. 73, sec. 10, effective3/21/1960.