2006 Kentucky Revised Statutes - .330   Decree of dissolution.

271B.14-330 Decree of dissolution. (1) If after a hearing the court determines that one (1) or more grounds for judicial dissolution described in KRS 271B.14-300 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the Secretary of State, who shall file it. (2) After entering the decree of dissolution, the court shall direct the winding up and liquidation of the corporation's business and affairs in accordance with KRS 271B.14-050 and the notification of claimants in accordance with KRS 271B.14- 060 and 271B.14-070. Effective: January 1, 1989 History: Created 1988 Ky. Acts ch. 23, sec. 151, effective January 1, 1989.