There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 6 Shares and Distributions
271B.6.030 Issued and outstanding shares.
Download pdfthey are reacquired, redeemed, converted, or canceled. (2) The reacquisition, redemption, or conversion of outstanding shares shall be subject to the limitations of subsection (3) of this section and to KRS 271B.6-400. (3) At all times that shares of the corporation are outstanding, one (1) or more shares that together have unlimited voting rights and one (1) or more shares that together
are entitled to receive the net assets of the corporation upon dissolution shall be
outstanding. Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 35, effective January 1, 1989.
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