As used in KRS § 279.320 to KRS § 279.600, unless the context requires otherwise:
(1) “Cooperative” means any corporation organized under KRS § 279.320 to KRS § 279.600 or which becomes subject to those sections in the manner provided therein;

Terms Used In Kentucky Statutes 279.310

  • Board: means the board of directors of a corporation formed under this chapter. See Kentucky Statutes 279.010
  • Business trust: includes , except when utilized in KRS Chapter 386, a "statutory trust" as organized under KRS Chapter 386A. See Kentucky Statutes 446.010
  • City: includes town. See Kentucky Statutes 446.010
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Corporation: means a profit or nonprofit corporation formed under the laws of any state or a foreign country. See Kentucky Statutes 279.010
  • 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.
  • Devise: To gift property by will.
  • 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
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • 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
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Partnership: includes both general and limited partnerships. See Kentucky Statutes 446.010
  • Person: means any natural person, firm, association, corporation, business trust, or partnership. See Kentucky Statutes 279.310
  • 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.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • System: means and includes any plant, works, facilities, and properties, and all parts thereof and appurtenances thereto, used or useful in the generation, production, transmission, or distribution of electric energy. See Kentucky Statutes 279.010
  • telephone service: shall include in its meaning communications services of all kinds allowed to any other telephone utility, authorized by regulatory agency and with some unregulated, that being the transmission of voice, data, sounds, signals, pictures, writing, or signs of all kinds, by use of wire, radio, light, electromagnetic impulse, broadband (wideband) spectrum, or any other transmission mode and facility used in rendition of such services. See Kentucky Statutes 279.310

(2) “Person” means any natural person, firm, association, corporation, business trust, or partnership;
(3) As used in this chapter, the term “telephone service” shall include in its meaning communications services of all kinds allowed to any other telephone utility, authorized by regulatory agency and with some unregulated, that being the transmission of voice, data, sounds, signals, pictures, writing, or signs of all kinds, by use of wire, radio, light, electromagnetic impulse, broadband (wideband) spectrum, or any other transmission mode and facility used in rendition of such services; but shall not include in their meaning message telegram service, or radio broadcasting services or facilities within the meaning of Section 153(O) of the Federal Communications Act of 1934, as amended;
(4) “Acquire” means to construct, purchase, obtain by lease, devise, gift, or eminent domain, or to obtain by any other lawful means;
(5) “Board” means the board of trustees of a corporation formed under KRS § 279.320 to
279.600;
(6) “Federal agency” means and includes the United States, the President of the United States, and all federal authorities, instrumentalities, and agencies in the ordinary sense;
(7) “Improve” means to construct, reconstruct, extend, enlarge, alter, better, or repair;
(8) “Member” means and includes each person signing the articles of incorporation of a corporation formed under KRS § 279.320 to KRS § 279.600, each person later admitted to membership according to law or according to the articles of incorporation or bylaws of the corporation, and each common stockholder in a corporation, having capital stock, organized under KRS § 279.320 to KRS § 279.600;
(9) “Obligations” means and includes negotiable bonds, notes, debentures, interim certificates or receipts, and all other evidences of indebtedness either issued or the payment thereof assumed by a corporation organized under KRS § 279.320 to
279.600;
(10) “System” means and includes any plant, works, facilities, and properties, and all parts thereof and appurtenances thereto, used or useful in the operation and maintenance of telephone communication service;
(11) “Rural area” shall be deemed to mean any area of this state not included within the boundaries of any incorporated or unincorporated city or of a consolidated local government, having a population in excess of fifteen hundred (1,500) inhabitants;
(12) “Telephone company” means any natural person, firm, association, corporation, or partnership owning, leasing, or operating any line, facility, or system used in the furnishing of telephone service within this state;
(13) “Business entity” means a domestic and foreign limited liability company,
corporation, general partnership, limited partnership, business or statutory trust, and not-for-profit unincorporated association;
(14) “Corporation” means a profit or nonprofit corporation formed under the laws of any state or a foreign country;
(15) “Name of record with the Secretary of State” means any real, fictitious, reserved, registered, or assumed name of a business entity; and
(16) “Real name” shall have the meaning set forth in KRS § 365.015.
Effective: July 15, 2010
History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 134, effective July 15,
2010. — Amended 2007 Ky. Acts ch. 137, sec. 134, effective June 26, 2007. — Amended 2002 Ky. Acts ch. 346, sec. 224, effective July 15, 2002. — Amended 1980
Ky. Acts ch. 175, sec. 1, effective July 15, 1980. — Created 1950 Ky. Acts ch. 147, sec. 1, effective March 25, 1950.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183, provides, “The specific textual provisions of Sections 1 to 178 of this Act which reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed effective as of June 26, 2007, and those provisions are hereby made expressly retroactive to that date, with the remainder of the text of those sections being unaffected by the provisions of this section.”
Legislative Research Commission Note (6/26/2007). 2007 Ky. Acts ch. 137, sec. 134, subsection (16) cited “Section 164 of this Act.” It is apparent from context that the section referred to should have been Section 163 of the Act, KRS § 365.015. The Reviser of Statutes has made this change under the authority of KRS § 7.136.