Kentucky Revised Statutes (Last Updated: May 10, 2014) |
TITLE XXIII. PRIVATE CORPORATIONS AND ASSOCIATIONS |
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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 Repealed, 2011. [Repealed] |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 |