Kentucky Statutes 273.387 – Application of act to corporations in existence on June 30, 1968
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(1) KRS § 273.161 to KRS § 273.390, so far as it can be made applicable, shall apply to any nonstock, nonprofit corporation in existence on June 30, 1968, which was formed under the general laws of this state relating to religious, educational, charitable, civic, athletic, recreational, and social nonstock, nonprofit corporations, or by special act, for a purpose or purposes for which a corporation might be formed under KRS § 273.161 to KRS § 273.390.
(2) It shall not be necessary for any such existing corporation to amend its articles to set forth the provisions required by KRS § 273.161 to KRS § 273.390 to be set forth in articles of incorporation.
(3) Such existing corporations shall have all the powers enumerated in KRS § 273.171.
History: Created 1968 Ky. Acts ch. 165, sec. 71.
(2) It shall not be necessary for any such existing corporation to amend its articles to set forth the provisions required by KRS § 273.161 to KRS § 273.390 to be set forth in articles of incorporation.
Terms Used In Kentucky Statutes 273.387
- 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
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(3) Such existing corporations shall have all the powers enumerated in KRS § 273.171.
History: Created 1968 Ky. Acts ch. 165, sec. 71.