Code · Kentucky · Chapter 279 — Rural electric and rural telephone cooperative corporations

279.320 Who may incorporate -- Purposes of incorporation.

77 words·~1 min read·/ky/chapter-279/279-320

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

Any five

(5)or more natural persons, a majority of whom are citizens of Kentucky, may, by executing, filing and recording articles of incorporation as provided in KRS 279.330 and 279.350, form a nonprofit cooperative corporation to promote and encourage the fullest possible use of telephone service in this state by making facilities for such service available to persons in rural areas of the state at the lowest cost consistent with sound business methods and prudent management.