The corporation is authorized to accept and expend such moneys as may be appropriated from time to time by the General Assembly or such moneys as may be received from any source, including income from the corporation‘s operations, for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation.
Effective: April 11, 1984

Terms Used In Kentucky Statutes 247.966

  • 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

History: Created 1984 Ky. Acts ch. 374, sec. 14, effective April 11, 1984.

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