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2011 Kentucky Revised Statutes
CHAPTER 155 BUSINESS DEVELOPMENT CORPORATIONS
155.100 Duration of membership -- Withdrawal.


KY Rev Stat § 155.100 (1996 through Reg Sess) What's This?
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155.100 Duration of membership -- Withdrawal. Membership in the corporation shall be for the duration of the corporation; provided that, (1) Upon written notice given to the corporation three (3) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice; (2) A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the notice of intention to withdraw of said member. Effective: March 21, 1960 History: Created 1960 Ky. Acts ch. 73, sec. 10, effective March 21, 1960.

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