At any time within twenty (20) years of June 1, 1942, any domestic corporation which is not a redevelopment corporation but which has been incorporated pursuant to the general corporation law, may become a redevelopment corporation by filing an appropriate amendment to its articles of incorporation and obtaining certificate or certificates pursuant to the general corporation law changing the provisions of its articles and charter or certificate of incorporation to eliminate any provisions therein inconsistent with the provisions of KRS § 99.010 to KRS § 99.310 and adding or substituting the provisions required by KRS § 99.100 to KRS § 99.130, by changing its name to a name corresponding to the form “…. Redevelopment Corporation,” and making all the other changes necessary to enable it to conform with all of the provisions of KRS § 99.010 to KRS § 99.310. Any such amended articles of incorporation shall be prepared and filed pursuant to the general corporation law, except that in addition to citing such law in the title of such certificate, the title shall also state that it is being made pursuant to this section.
Effective: June 2, 1942

Terms Used In Kentucky Statutes 99.110

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Created 1942 Ky. Acts ch. 36, sec. 5.

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