This chapter shall not apply to any person within this state who, prior to the passage of this chapter, was permitted to organize a corporation and perform professional services by the means of such corporation, and this chapter shall not apply to any corporation organized by such persons prior to the passage of this chapter, provided, that any such corporation may bring itself within the provisions of this chapter by amending its articles of incorporation in such a manner as to be consistent with all of the provisions of this chapter and by affirmatively stating in the amended articles of incorporation that the shareholders have elected to bring the corporation within, and have accepted the provisions of, this chapter.
History: Created 1962 Ky. Acts ch. 236, sec. 13.

Terms Used In Kentucky Statutes 274.125

  • 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
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
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