Kentucky Statutes 271B.18-020 – Retroactive validation of existing domestic corporations
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The corporate existence of each domestic corporation which, upon July 1, 1974, is listed as an existing corporation on the current corporate index maintained in the office of the secretary of state and is then engaged in the usual course of its business shall be, and it hereby is, validated retroactively to the date of its incorporation and continued for the period specified in its articles of incorporation and the amendments thereto, or for a period of one year from July 1, 1974, whichever is greater, unless thereafter it is voluntarily dissolved or liquidated pursuant to law, or its separate existence ceases pursuant to KRS § 271A.380, or it has its corporate powers revoked pursuant to KRS
271A.470, or its charter is repealed or vacated pursuant to KRS Chapter 415.
Effective: Created 1972 Ky. Acts ch. 274, sec. 139.
Formerly codified as KRS § 271A.690.
271A.470, or its charter is repealed or vacated pursuant to KRS Chapter 415.
Terms Used In Kentucky Statutes 271B.18-020
- Articles of incorporation: include amended and restated articles of incorporation and articles of merger. See Kentucky Statutes 271B.1-400
- 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
- Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
- Secretary: means the corporate officer to whom the board of directors has delegated responsibility under KRS §. See Kentucky Statutes 271B.1-400
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
Effective: Created 1972 Ky. Acts ch. 274, sec. 139.
Formerly codified as KRS § 271A.690.