If a corporation organized pursuant to this chapter fails to begin business within three (3) years from the effective date of its certificate of incorporation, then said certificate shall become null and void. If, within three (3) years from March 21, 1960, no corporation is organized pursuant to this chapter, then and in that event, this chapter shall become null and void.
KRS 155.190
Effect of failure of any corporation to organize, or of organized corporation to begin doing business
Known as the The Business Development Corporation Act
The act spans §§ 155–155 (34 sections).
Effective: March 21, 1960 History: Created 1960 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.