Ky. Rev. Stat. Ann. ch. 155 – Business Development Corporations | Midpage

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Kentucky Revised Statutes

Chapter 155

Ky. Rev. Stat. Ann. ch. 155

Business Development Corporations

Commonwealth of Kentucky

155.001Title.155.010Definitions.155.020Incorporation -- Name -- Purposes.155.030Powers of corporation.155.040Contents of articles of incorporation.155.050Approval of Governor -- Effective date of incorporation.155.060First meeting.155.070Powers and limitations of other corporate bodies in relation to corporation.155.080Membership -- Duty of members -- Loan limit formula.155.090Distribution among members of loan call -- Interest rate.155.100Duration of membership -- Withdrawal.155.110Powers of members and stockholders -- Voting.155.120Amendment of articles of incorporation.155.130Board of directors -- Functions -- Composition -- Freedom from liability.155.140Required earned surplus.155.150Restrictions on deposits.155.160Regulation by state officials.155.170Excise tax on corporations -- Report -- Items free from taxation -- Credit for losses.155.180Duration of corporation.155.190Effect of failure of any corporation to organize, or of organized corporation to begin doing business.155.200Credit of Commonwealth is not pledged.155.210Specified late charges for default of loan and litigation charges treated as liquidated damages.155.220Interest on judgment for collection or repayment of defaulted loan.155.230Reasonable attorneys' fees, provision for.