Kentucky Statutes 271B.12-030 – Conversion of corporation to limited liability company
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(1) A corporation may be converted to a limited liability company as provided in KRS
275.376.
(2) A corporation may be converted to a statutory trust as provided in KRS § 386A.7-
060.
Effective: July 12, 2012
History: Amended 2012 Ky. Acts ch. 81, sec. 92, effective July 12, 2012. — Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 2, effective July 15, 2010. — Created 2007
Ky. Acts ch. 137, sec. 2, effective June 26, 2007.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183, provides, “The specific textual provisions of Sections 1 to 178 of this Act which reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed effective as of June 26, 2007, and those provisions are hereby made expressly retroactive to that date, with the remainder of the text of those sections being unaffected by the provisions of this section.”
275.376.
Terms Used In Kentucky Statutes 271B.12-030
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- 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
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(2) A corporation may be converted to a statutory trust as provided in KRS § 386A.7-
060.
Effective: July 12, 2012
History: Amended 2012 Ky. Acts ch. 81, sec. 92, effective July 12, 2012. — Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 2, effective July 15, 2010. — Created 2007
Ky. Acts ch. 137, sec. 2, effective June 26, 2007.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183, provides, “The specific textual provisions of Sections 1 to 178 of this Act which reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed effective as of June 26, 2007, and those provisions are hereby made expressly retroactive to that date, with the remainder of the text of those sections being unaffected by the provisions of this section.”