The 2015 Amendments to the Kentucky Business Entity Statutes

The 2015 Amendments to the Kentucky Business Entity Statutes

The Northern Kentucky Law Review has released my article The 2015 Amendments to the Kentucky Business Entity Statutes.  This article reviews the various changes made by 2015 HB 440, they including:

 

• the addition of a statutory derivative action to the LLC Act;
• simplification of the statute governing the approval of a lawsuit brought on behalf of an LLC;
• simplification of the filings made in connection with corporate and LLC mergers;
• “forum selection” for internal disputes involving corporations;
• clarification of the exclusivity rule of corporate dissenter rights; and
• the adoption of the Unincorporated Nonprofit Association Act.

      HEREIS A LINK to the article.