There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 273 RELIGIOUS, CHARITABLE, AND EDUCATIONAL SOCIETIES -- NONSTOCK, NONPROFIT CORPORATIONS
273.283 Approval of merger or consolidation.
Download pdfresolution approving the proposed plan and directing that it be submitted to a
vote at a meeting of members entitled to vote thereon, which may be either an
annual or a special meeting. Written notice setting forth the proposed plan or a
summary thereof shall be given to each member entitled to vote at such
meeting within the time and in the manner provided in KRS 273.161 to
273.390 for the giving of notice of meetings of members. The proposed plan
shall be adopted upon receiving at least two-thirds (2/3) of the votes which
members present at each such meeting or represented by proxy are entitled to
cast. (b) If any merging or consolidating corporation has no members, or no members entitled to vote thereon, a plan of merger or consolidation shall be adopted at a
meeting of the board of directors of such corporation upon receiving the vote
of a majority of the directors in office. (2) After such approval, and at any time prior to the filing of the articles of merger or consolidation, the merger or consolidation may be abandoned pursuant to
provisions therefor, if any, set forth in the plan of merger or consolidation. History: Created 1968 Ky. Acts ch. 165, sec. 39.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.