(1) Principles of law and equity supplement this chapter unless displaced by a particular provision of it.
(2) A statute governing a specific type of unincorporated nonprofit association prevails over an inconsistent provision in this chapter, to the extent of the inconsistency.

Terms Used In Kentucky Statutes 273A.150

  • Statute: A law passed by a legislature.
  • Unincorporated nonprofit association: means an unincorporated organization consisting of two (2) or more members joined under an agreement that is oral, in a record, or implied from conduct, for one (1) or more common, nonprofit purposes. See Kentucky Statutes 273A.005

Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 34, sec. 41, effective June 24, 2015.