The chamber of commerce may sue and be sued. The private property of members shall be exempt from corporate debts. It may have a seal, which it may alter at pleasure. It shall have power to take property by gift, purchase, devise or bequest, and to sell and convey it. It shall have all necessary and proper power for the successful carrying out of its purposes. It may use part or all of the sum annually received from any source to employ special agents and to do anything expedient to advertise and promote the resources and advantages of the city as a business and industrial center.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.

Terms Used In Kentucky Statutes 102.030

  • Bequest: Property gifted by will.
  • City: includes town. See Kentucky Statutes 446.010
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.

Stat. sec. 2741n-3.