272.301 Merger of associations.

145 words·~1 min read·/ky/chapter-272/272-301

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

(1)Two

(2)or more associations, either with or without capital stock, may merge into

any one of such associations pursuant to a plan of merger as provided in this

section.

(2)The board of each association shall, by resolution duly adopted, approve a plan of

merger setting forth:

(a)The names of the associations proposing to merge, and the name of the

association into which they propose to merge (hereinafter referred to as the

surviving association).

(b)The name which the surviving association is to have, which name may be that

of any of the associations involved in the merger.

(c)The terms and conditions of the proposed merger.

(d)A statement of any changes in the articles of incorporation of the surviving

association to be effected by such merger.

(e)Such other provisions, not inconsistent with law as are deemed necessary or

desirable.