There is a newer version of this Section
2022
2021 (you are here)
2020
2019
2018
Other previous versions
View our newest version here

2021 Kentucky Revised Statutes
Chapter 386A - Kentucky uniform statutory trust act (2012)
Subchapter 386A.7 - Mergers and Conversions
386A.7-070 Filings required for merger -- Effective date.

Universal Citation: KY Rev Stat § 386A.7-070 (2021)
Previous Next

Download as PDF
386A.7-070 Filings required for merger -- Effective date. (1) (2) A converted statutory trust shall be for all purposes the same entity that existed before the conversion. When a conversion takes effect: (a) All property and contract rights owned by, and all rights, privileges, and immunities of the converting organization shall remain vested in the converted statutory trust without assignment, reversion, or impairment; (b) All obligations of the converting organization shall continue as obligations of the converted statutory trust; (c) An action or proceeding pending against the converting organization may be continued as if the conversion had not occurred, and the name of the converted statutory trust may be substituted in any pending action or proceeding for the name of the converting organization; and (d) The governing instrument of the converted statutory trust shall be binding upon each person who becomes a beneficial owner or trustee of the converted statutory trust. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 62, effective July 12, 2012.
Previous Next
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.