273.310 Revocation of voluntary dissolution proceedings.

263 words·~1 min read·/ky/chapter-273/273-310

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

A corporation may, at any time prior to the filing of articles of dissolution with the Secretary of State, revoke the action theretofore taken to dissolve the corporation, in the following manner:

(1)If there are members entitled to vote thereon, the board of directors shall adopt a

resolution recommending that the voluntary dissolution proceedings be revoked,

and directing that the question of such revocation be submitted to a vote at a

meeting of members entitled to vote thereon, which may be either an annual or a

special meeting. Written notice stating that the purpose, or one

(1)of the purposes,

of such meeting is to consider the advisability of revoking the voluntary dissolution

proceedings, shall be given to each member entitled to vote at such meeting, within

the time and in the manner provided in KRS 273.161 to 273.390 for the giving of

notice of meetings of members. A resolution to revoke the voluntary dissolution

proceedings shall be adopted upon receiving at least two-thirds (2/3) of the votes

which members present at such meeting or represented by proxy are entitled to cast.

(2)If there are no members, or no members entitled to vote thereon, a resolution to

revoke the voluntary dissolution proceedings shall be adopted at a meeting of the

board of directors upon receiving the vote of a majority of the directors in office.

(3)Upon the adoption of such resolution by the members, or by the board of directors

where there are no members or no members entitled to vote thereon, the corporation

may thereupon again conduct its affairs.