No redevelopment corporation shall issue stock except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.
KRS 99.160
Stock not to be issued except for value received
Known as the Abandoned and Blighted Property Conservatorship Act
The act spans §§ 99–99 (113 sections).
Effective: June 2, 1942 History: Created 1942 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.