Kentucky Statutes 386A.7-010 – Right of company to merge with other business entities — Exception
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(1) Unless otherwise provided in a governing instrument, and if permitted by any law applicable to entities other than statutory trusts, one (1) or more statutory trusts may merge with or into one (1) or more other entities with the statutory trust or other business entity being the surviving organization.
(2) Unless otherwise provided in a governing instrument, unless prohibited by applicable law, one (1) or more statutory trusts may merge with or into one (1) or more foreign entities with the statutory trust or foreign entity being the surviving organization.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 56, effective July 12, 2012.
(2) Unless otherwise provided in a governing instrument, unless prohibited by applicable law, one (1) or more statutory trusts may merge with or into one (1) or more foreign entities with the statutory trust or foreign entity being the surviving organization.
Terms Used In Kentucky Statutes 386A.7-010
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 56, effective July 12, 2012.