(1) The provisions of KRS § 271B.12-200 to KRS § 271B.12-220 are in addition to and do not repeal any other provisions of KRS Chapter 271B that govern any corporate actions described in KRS § 271B.12-200 to KRS § 271B.12-220; provided, that in the event of a direct conflict between any provision of KRS § 271B.12-200 to KRS § 271B.12-220 and any other provision of KRS Chapter 271B, the provision of KRS § 271B.12-200 to
271B.12-220 shall prevail.

Terms Used In Kentucky Statutes 271B.12-230

  • Person: includes individual and entity. See Kentucky Statutes 271B.1-400
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

(2) It shall be considered that, for the purposes of KRS § 446.090, it is the intent of the general assembly in enacting KRS § 271B.12-200 to KRS § 271B.12-220 that any clause, sentence, subparagraph, paragraph, subsection, section, or other part of the above- stated sections or the application thereof to any person or circumstances held to be invalid shall not affect, impair or invalidate the remainder of the stated sections or the application of that part held invalid to any other person or circumstances, but shall be confined in its operation to the clause, sentence, subparagraph, paragraph, subsection, section, or other part thereof directly involved in that holding or to the person or circumstances therein involved.
Effective: July 1, 1988
History: Amended 1988 Ky. Acts ch. 22, sec. 4, effective July 1, 1988. — Created 1984
Ky. Acts ch. 355, sec. 4, effective July 13, 1984.
Formerly codified as KRS § 271A.399.