Kentucky Statutes 273.281 – Procedure for consolidation
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Any two (2) or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in KRS § 273.161 to
273.390. Each corporation shall adopt a plan of consolidation setting forth:
(1) The names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation.
(2) The terms and conditions of the proposed consolidation.
(3) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under KRS § 273.161 to KRS § 273.390.
(4) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.
History: Created 1968 Ky. Acts ch. 165, sec. 38.
273.390. Each corporation shall adopt a plan of consolidation setting forth:
Terms Used In Kentucky Statutes 273.281
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
(1) The names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation.
(2) The terms and conditions of the proposed consolidation.
(3) With respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under KRS § 273.161 to KRS § 273.390.
(4) Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.
History: Created 1968 Ky. Acts ch. 165, sec. 38.