Ky. Rev. Stat. Ann. § 386A.7-020 – Approval of proposed merger -- No right of dissent.

(1) With respect to each constituent statutory trust, the plan of merger shall require the approval of the beneficial owners.
(2) Each constituent organization that is not a statutory trust and that is a party to a proposed merger shall approve the plan of merger in the manner and by the vote required by the laws applicable to the constituent organization.
(3) Unless otherwise provided in the governing instrument or a written agreement and plan of merger, no beneficial owner of a statutory trust shall have the right to dissent from a merger.
(4) Each constituent organization shall have the rights to abandon the merger as provided for in the plan of merger or in the laws applicable to the constituent organization.

Effective: July 12, 2012

History: Created 2012 Ky. Acts ch. 81, sec. 57, effective July 12, 2012.