(1) Constituent entities that are limited cooperative associations or foreign cooperatives may agree to call a merger a consolidation.
(2) All provisions governing mergers or using the term merger in this chapter apply equally to mergers that the constituent entities choose to call consolidations under subsection (1) of this section.

Terms Used In Kentucky Statutes 272A.16-090

  • Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
  • Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010

Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 118, effective July 12, 2012.