Kentucky Statutes 155.190 – Effect of failure of any corporation to organize, or of organized corporation to begin doing business
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If a corporation organized pursuant to this chapter fails to begin business within three (3) years from the effective date of its certificate of incorporation, then said certificate shall become null and void. If, within three (3) years from March 21, 1960, no corporation is organized pursuant to this chapter, then and in that event, this chapter shall become null and void.
Effective: March 21, 1960
History: Created 1960 Ky. Acts ch. 73, sec. 20, effective March 21, 1960.
Effective: March 21, 1960
Terms Used In Kentucky Statutes 155.190
- 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
History: Created 1960 Ky. Acts ch. 73, sec. 20, effective March 21, 1960.