272.480 Other corporations may become livestock protective associations --

219 words·~1 min read·/ky/272-480

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Procedure.

(1)Any corporation or association organized under previously existing statutes may, by

a majority vote of its members, be brought under the provisions of KRS 272.360 to

272.510 by limiting its membership and adopting the other restrictions as provided

herein. It shall make out in duplicate a statement signed and sworn to by its

directors to the effect that the corporation or association has, by a majority vote of

the members, decided to accept the benefits and be bound by the provisions of KRS

272.360 to 272.510 and has authorized all changes accordingly. Articles of

incorporation shall be filed as herein required except that they shall be signed by the

members of the then board of directors. The filing fee shall be the same as for filing

an amendment to articles of incorporation.

(2)Where any association may be incorporated under KRS 272.360 to 272.510, all

contracts heretofore made by or on behalf of same by the promoters thereof in

anticipation of such association becoming incorporated under the laws of this state,

whether such contracts be made by or in the name of some corporation organized

elsewhere and when same would have been valid if entered into subsequent to the

passage of KRS 272.360 to 272.510, are hereby validated as if made after the

passage of those sections.