HB323 - Kentucky: Administrative Regulations and Proceedings, Capital Construction, Civil Rights, Civil Rights, Contracts, Contracts

Reenact the provisions of 2007 HB 334/GA and SCA #1 as passed and enacted into law which contained the following provisions: creates and amends various statutes relating to business entities to accomplish the following: make consistent the provisions of the corporate and other business organization acts regarding business entity names such that equivalent rules will govern the names of business corporations, nonprofit corporations, cooperatives, associations, partnerships, limited partnerships, limited liability companies, and business trusts; modify procedural rules across the various business entity acts such that they will contain equivalent if not identical provisions; update provisions of KRS Chapter 271B to reflect the more current provisions of the Model Business Corporation Act; allow limited liability companies to enter into a share exchange with a corporation, be created by conversion from a corporation, have statutory rules governing nonprofit status, and to provide for their [...]

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