Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
As used in this subchapter, unless the context otherwise requires:
(1) “Constituent entity” means an entity that is a party to a merger;
(2) “Constituent limited cooperative association” means a limited cooperative association that is a party to a merger;
(3) “Converted entity” means the limited cooperative association into which a converting entity converts;
(4) “Converting entity” means a foreign entity that converts into a limited cooperative association pursuant to KRS 272A.16-020;
(5) “Converting limited cooperative association” means a converting entity that is a limited cooperative association;
(6) “Foreign entity” has the meaning set forth in KRS 14A.1-070;
(7) “Organizational documents” means articles of incorporation, bylaws, articles of association, operating agreements, partnership agreements, or other documents serving a similar function in the creation and governance of an entity;
(8) “Personal liability” means personal liability for a debt, liability, or other obligation of an entity imposed, by operation of law or otherwise, on a person that co-owns or has an interest in the entity:
(a) By the entity's organic law solely because of the person co-owning or having an interest in the entity; or
(b) By the entity's organizational documents under a provision of the entity's organic law authorizing those documents to make one (1) or more specified persons liable for all or specified parts of the entity's debts, liabilities, and other obligations solely because the person co-owns or has an interest in the entity; and
(9) “Surviving entity” means an entity into which one (1) or more other entities are merged, whether the entity existed before the merger or is created by the merger.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXIII. Private Corporations and Associations § 272A.16-010.Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxiii-private-corporations-and-associations/ky-rev-st-sect-272a-16-010/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)