273.320 Involuntary dissolution.
131 words·~1 min read·
/ky/chapter-273/273-320A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A corporation may be dissolved involuntarily by a decree of the Circuit Court in an action filed by the Attorney General when it is established that:
(1)The corporation is guilty of abuse or misuse of its corporate powers, privileges or
franchises, or the corporation has become detrimental to the interest and welfare of
the Commonwealth of Kentucky or its citizens; or
(2)The corporation procured its articles of incorporation through fraud; or
(3)The corporation has failed to file its annual report as required by KRS 14A.6-010;
or
(4)The corporation has failed to appoint and maintain a registered agent in this state; or
(5)The corporation has failed after change of its registered agent to file in the office of
the Secretary of State a statement of such change.