Ky. Rev. Stat. § 286.5-341
Current through Acts Received April 24, 2024
The directors may under the rules made by them in conformity with bylaws, retire the unpledged shares, in the order of their issuance, by enforcing their withdrawal, and the owners shall be paid the full value of their shares together with current dividends thereon from date of the last preceding distribution of income, less any unpaid fines, but all fully paid, prepaid or matured shares that may be outstanding shall first be retired.
KRS 286.5-341
Created 1964 Ky. Acts ch. 138, sec. 22, effective6/18/1964.