Except as otherwise provided in its governing principles, an unincorporated nonprofit association shall have the approval of its members to do any of the following:
(A) Admit, suspend, dismiss, or expel a member;
(B) Select or dismiss a manager;
(C) Adopt, amend, or repeal its governing principles;
(D) Sell, lease, exchange, or otherwise dispose of all or substantially all of the association's property, with or without the association's goodwill, outside the ordinary course of its activities;
(F) Undertake any other act outside the ordinary course of the association's activities if the association has annual gross receipts of less than twenty-five thousand dollars;
(G) Determine the purposes of the association and, if the association has annual gross receipts of less than twenty-five thousand dollars, determine the policies of the association;
(H) Do any other act or exercise any right that requires action by the members under the governing principles.
Added by 129th General AssemblyFile No.79,HB 267, §1, eff. 5/22/2012.