Ky. Rev. Stat. § 279.010

Current through Acts Received April 24, 2024

Section 279.010 - Definitions

As used in this chapter, unless the context requires otherwise:

(1) "Acquire" means to construct, purchase, obtain by lease, devise, gift, or by eminent domain, or to obtain by any other lawful means;

(2) "Board" means the board of directors of a corporation formed under this chapter;

(3) "Business entity" means a domestic and foreign limited liability company, corporation, general partnership, limited partnership, business or statutory trust, and not-for-profit unincorporated association;

(4) "Corporation" means a profit or nonprofit corporation formed under the laws of any state or a foreign country;

(5) "Farm Credit Act" means Section 12 of the Federal Farm Credit Act of 1935 and the amendments thereto;

(6) "Federal agency" means and includes the United States, the President of the United States, and all federal authorities, instrumentalities and agencies in the ordinary sense;

(7) "Improve" means to construct, reconstruct, extend, enlarge, alter, better, or repair;

(8) "Member" means and includes each person signing the articles of incorporation of a corporation formed under this chapter, each person later admitted to membership according to law or according to the articles of incorporation or bylaws of the corporation, and each common stockholder in a corporation organized under this chapter that has capital stock;

(9) "Name of record with the Secretary of State" means any real, fictitious, reserved, registered, or assumed name of a business entity;

(10) "Obligations" means and includes negotiable bonds, notes, debentures, interim certificates or receipts and all other evidences of indebtedness either issued or the payment thereof assumed by a corporation organized under this chapter;

(11) "Real name" shall have the meaning set forth in KRS 365.015; and

(12) "System" means and includes any plant, works, facilities, and properties, and all parts thereof and appurtenances thereto, used or useful in the generation, production, transmission, or distribution of electric energy.

KRS 279.010

Effective:7/15/2010
Repealed and reenacted 2010, Ky. Acts ch. 51, sec. 131, effective7/15/2010. -- Amended 2007, Ky. Acts ch. 137, sec. 131, effective 6/26/2007. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 883j-2.