275.515 Effect of share exchange.
42 words·~1 min read·
/ky/chapter-275/275-515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When a share exchange takes effect, the shares of each acquired corporation shall be exchanged as provided in the plan, and the former holders of the shares shall be entitled only to the exchange rights provided in the articles of share exchange.