CHAPTER 271B. BUSINESS CORPORATIONS


Subtitle 1. General Provisions
Title
1-010. Title.
Filing Documents
1-200. Filing requirements.
1-210. Repealed, 2011. [Repealed]
1-220. Fees for filing documents and issuing certificates -- Miscellaneous charges.
1-230. Repealed, 2011. [Repealed]
1-240. Repealed, 2011. [Repealed]
1-250. Repealed, 2011. [Repealed]
1-260. Repealed, 2011. [Repealed]
1-270. Repealed, 2011. [Repealed]
1-280. Repealed, 2011. [Repealed]
1-290. Penalty for signing false document.
Secretary of State
1-300. Powers.
Definitions
1-400. Definitions for chapter.
1-410. Written or oral notice -- How given -- When effective.
1-420. Number of shareholders.
1-430. Independent legal significance.
Subtitle 2. Incorporation
2-010. Incorporators.
2-020. Articles of incorporation.
2-030. Incorporation.
2-040. Liability for preincorporation transactions.
2-050. Organization of corporation.
2-060. Bylaws.
2-070. Emergency bylaws.
Subtitle 3. Purposes and Powers
3-010. Purposes.
3-020. General powers.
3-030. Emergency powers.
3-040. Ultra vires.
Subtitle 4. Name
4-010. Corporate name.
4-020. Repealed, 2011. [Repealed]
4-030. Repealed, 2011. [Repealed]
Subtitle 5. Office and Agent
5-010. Registered office and registered agent -- Requirement for agent's written acceptance of appointment.
5-020. Repealed, 2011. [Repealed]
5-025. Statement of change of principal office.
5-030. Repealed, 2011. [Repealed]
5-040. Repealed, 2011. [Repealed]
Subtitle 6. Shares and Distributions
6-010. Authorized shares.
6-020. Terms of class or series determined by board of directors -- Articles of amendment.
6-030. Issued and outstanding shares.
6-040. Fractional shares.
Issuance of Shares
6-200. Subscription of shares before incorporation.
6-210. Issuance of shares.
6-220. Liability of shareholders.
6-230. Share dividends.
6-240. Share options.
6-250. Form and content of certificate.
6-260. Shares without certificates.
6-270. Restrictions on transfer or registration of shares or other securities.
6-280. Expense of issue.
Subsequent Acquisition of Shares by Shareholders and Corporation
6-300. Shareholders' preemptive rights.
6-310. Corporation's acquisition of its own shares.
Distributions
6-400. Distributions to shareholders.
Subtitle 7. Shareholders
Meetings
7-010. Annual meeting.
7-020. Special meeting.
7-030. Court-ordered meeting.
7-040. Action without meeting.
7-050. Notice of meeting.
7-060. Waiver of notice.
7-070. Record date.
7-080. Remote communication.
Voting
7-200. Shareholders' list for meeting.
7-210. Voting entitlement of shares.
7-220. Proxies.
7-230. Shares held by nominees.
7-240. Corporation's acceptance of votes and persons authorized to vote shares.
7-250. Quorum and voting requirements for voting groups.
7-260. Action by single and multiple voting groups.
7-270. Greater quorum or voting requirements.
7-280. Voting for directors -- Cumulative voting.
Voting Trusts and Agreements
7-300. Voting trusts.
7-310. Voting agreements.
Derivative Proceedings
7-400. Procedure in derivative proceedings.
Subtitle 8. Directors and Officers
Board of Directors
8-010. Requirement for and duties of board of directors.
8-020. Qualifications of directors.
8-030. Number and election of directors.
8-040. Election of directors by certain classes of shareholders.
8-050. Terms of directors generally.
8-060. Staggered terms for directors.
8-070. Resignation of directors.
8-080. Removal of directors by shareholders.
8-100. Vacancy on board.
8-110. Compensation of directors.
Meetings and Action of Board of Directors
8-200. Meetings.
8-205. Court-ordered meeting.
8-210. Action without meeting.
8-220. Notice of meeting.
8-230. Waiver of notice.
8-240. Quorum and voting.
8-250. Committees -- Powers -- Limitations -- Alternate members.
Standards of Conduct
8-300. General standards for directors.
8-310. Director conflict of interest.
8-320. Loans to directors.
8-330. Liability for unlawful distributions.
Officers
8-400. Required officers.
8-410. Duties of officers.
8-420. Standards of conduct for officers.
8-430. Resignation and removal of officers.
8-440. Contract rights of officers.
Indemnification
8-500. Definitions for KRS 271B.8-510 to 271B.8-580.
8-510. Authority to indemnify.
8-520. Mandatory indemnification.
8-530. Advance for expenses.
8-540. Court-ordered indemnification.
8-550. Determination and authorization of indemnification.
8-560. Indemnification of officers, employees, and agents.
8-570. Insurance.
8-580. Application of KRS 271B.8-500 to 271B.8-580.
Subtitle 10. Amendment of Articles of Incorporation and Bylaws
Amendment of Articles of Incorporation
10-010. Authority to amend -- Conversion to nonstock, nonprofit corporation.
10-020. Amendment by board of directors.
10-030. Amendment by board of directors and shareholders.
10-040. Voting on amendments by voting groups.
10-050. Amendment before issuance of shares.
10-060. Articles of amendment.
10-070. Restated articles of incorporation.
10-080. Amendment pursuant to reorganization.
10-090. Effect of amendment.
Amendment of Bylaws
10-200. Amendment by board of directors or shareholders.
10-220. Bylaw increasing quorum or voting requirements for directors.
Subtitle 11. Merger and Share Exchange
11-010. Merger.
11-020. Share exchange.
11-030. Action on plan.
11-040. Merger of subsidiary.
11-050. Articles of merger or share exchange.
11-060. Effect of merger or share exchange.
11-070. Merger or share exchange with foreign corporation.
11-080. Merger of domestic or foreign limited liability companies or limited partnerships with domestic corporations -- Shareholder's liability following merger.
Subtitle 12. Sale of Assets; Business Combinations
12-010. Sale of assets in regular course of business and mortgage of assets.
12-020. Sale of assets other than in regular course of business.
12-030. Conversion of corporation to limited liability company.
Business Combinations
12-200. Definitions for KRS 271B.12-210 to 271B.12-230.
12-210. Minimum share vote requirements for approval of business combinations -- Limitations on business corporation.
12-220. Exemptions from minimum share vote requirements.
12-230. KRS 271B.12-200 to 271B.12-220 prevail over other provisions of KRS Chapter 271B -- Severability of provisions.
Subtitle 13. Dissenters' Rights
Right to Dissent and Obtain Payment for Shares
13-010. Definitions for subtitle.
13-020. Right to dissent.
13-030. Dissent by nominees and beneficial owners.
Procedure for Exercise of Dissenters' Rights
13-200. Notice of dissenters' rights.
13-210. Notice of intent to demand payment.
13-220. Dissenters' notice.
13-230. Duty to demand payment.
13-240. Share restrictions.
13-250. Payment.
13-260. Failure to take action.
13-270. After-acquired shares.
13-280. Procedure if shareholder dissatisfied with payment or offer.
Judicial Appraisal of Shares
13-300. Court action.
13-310. Court costs and counsel fees.
Subtitle 14. Dissolution
Voluntary Dissolution
14-010. Dissolution by incorporators or initial directors.
14-020. Dissolution by board of directors and shareholders.
14-030. Articles of dissolution.
14-040. Revocation of dissolution.
14-050. Effect of dissolution.
14-060. Known claims against dissolved corporation.
14-070. Unknown claims against dissolved corporation.
Administrative Dissolution
14-200. Repealed, 2011. [Repealed]
14-210. Repealed, 2011. [Repealed]
14-220. Repealed, 2011. [Repealed]
14-225. Permissibility of merger of subsequent reincorporation with reinstated prior corporation -- Effect.
14-230. Repealed, 2011. [Repealed]
Judicial Dissolution
14-300. Grounds for judicial dissolution.
14-310. Procedure for judicial dissolution.
14-320. Receivership or custodianship.
14-330. Decree of dissolution.
Miscellaneous
14-400. Deposit with State Treasurer.
Subtitle 15. Foreign Corporations
Certificate of Authority
15-010. Annual report.
15-020. Repealed, 2011. [Repealed]
15-030. Repealed, 2011. [Repealed]
15-040. Repealed, 2011. [Repealed]
15-050. Repealed, 2011. [Repealed]
15-060. Repealed, 2011. [Repealed]
15-070. Repealed, 2011. [Repealed]
15-080. Repealed, 2011. [Repealed]
15-090. Repealed, 2011. [Repealed]
15-100. Repealed, 2011. [Repealed]
Withdrawal
15-200. Repealed, 2011. [Repealed]
Revocation of Certificate of Authority
15-300. Repealed, 2011. [Repealed]
15-310. Repealed, 2011. [Repealed]
15-320. Repealed, 2011. [Repealed]
Subtitle 16. Records and Reports
Records
16-010. Corporate records.
16-020. Inspection of records by shareholders.
16-030. Scope of inspection right.
16-040. Court-ordered inspection.
Reports
16-200. Financial statements for shareholders.
16-210. Other reports to shareholders.
16-220. Annual report.
Subtitle 17. Transition Provisions
17-010. Application of chapter.
17-020. Application to qualified foreign corporations.
17-030. Savings provisions.
17-040. Severability of provisions.
17-050. Acceleration and applicability of effective date.
Subtitle 18. Miscellaneous Provisions
18-010. Validity of facsimile signature for corporation debt security.
18-020. Retroactive validation of existing domestic corporations.
18-030. Acceptance of present Constitution.
18-040. Purpose of filing articles of incorporation.
18-050. Revocation of charters and grants since 1856.
18-060. Incorporation for purposes of establishing a foreign trade zone within this state.
18-070. Additional penalties for violation of KRS 506.010, 506.030, 506.040, 521.020, or 521.050.
CHAPTER 272. COOPERATIVE CORPORATIONS AND ASSOCIATIONS
CHAPTER 272A. KENTUCKY UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT