2014 Kentucky Revised Statutes
CHAPTER 273 - RELIGIOUS, CHARITABLE, AND EDUCATIONAL SOCIETIES -- NONSTOCK, NONPROFIT CORPORATIONS
273.357 Survival of remedy after dissolution.

Download as PDF 273.357 Survival of remedy after dissolution. The dissolution of a corporation either (1) by the filing of articles of dissolution with the Secretary of State, or (2) by a decree of court when the court has not liquidated the assets and affairs of the corporation as provided in KRS 273.161 to 273.390 shall not take away or impair any remedy available to or against the corporation, its directors, officers, or members, for any right or claim existing, or any liability incurred, prior to the dissolution if action or other proceeding thereon is commenced within two (2) years after the date of such dissolution. Any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The members, directors, and officers may take corporate or other action appropriate to protect the remedy, right, or claim. Effective:July 15, 1998 History: Amended 1998 Ky. Acts ch. 341, sec. 17, effective July 15, 1998. -Amended 1988 Ky. Acts ch. 23, sec. 209, effective January 1, 1989. -- Created 1968 Ky. Acts ch. 165, sec. 61.