Kentucky Statutes 247.972 – Termination or dissolution of corporation
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Upon the termination or dissolution of the corporation, all rights and properties of the corporation shall pass to and be vested in the Commonwealth, subject to the rights of lienholders and other creditors.
Effective: April 11, 1984
History: Created 1984 Ky. Acts ch. 374, sec. 16, effective April 11, 1984.
Effective: April 11, 1984
Terms Used In Kentucky Statutes 247.972
- 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 1984 Ky. Acts ch. 374, sec. 16, effective April 11, 1984.