(1) This chapter shall apply to any corporation formed under the laws of this state unless the statutes relating to a corporation of that kind either are inconsistent with this chapter or state that the provisions of this chapter do not apply to it.
(2) Subject to the provisions of subsection (1) of this section, corporations may be organized under this chapter for any lawful purpose or purposes.
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Terms Used In Kentucky Statutes 271B.17-010

  • 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
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 191, effective January 1, 1989.

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