The corporate existence of each domestic corporation which, upon July 1, 1974, is
listed as an existing corporation on the current corporate index maintained in the
office of the secretary of state and is then engaged in the usual course of its business
shall be, and it hereby is, validated retroactively to the date of its incorporation
and continued for the period specified in its articles of incorporation and the amendments
thereto, or for a period of one year from July 1, 1974, whichever is greater, unless
thereafter it is voluntarily dissolved or liquidated pursuant to law, or its separate
existence ceases pursuant to KRS 271A.380 1, or it has its corporate powers revoked pursuant to KRS 271A.470 2, or its charter is repealed or vacated pursuant to KRS Chapter 415.
Repealed by 1988 c 23, § 248, eff. 1-1-89. See now 271B.11-060 for provisions relating
to the effect of merger.
Repealed by 1988 c 23, § 248, eff. 1-1-89. See 271B.14-300(1) which sets forth grounds
upon which the attorney general may initiate proceedings to dissolve a corporation.
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