Ky. Rev. Stat. § 99.160

Current through 2024 Ky. Acts ch.225

Section 99.160 - Stock not to be issued except for value received

No redevelopment corporation shall issue stock except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.

KRS 99.160

Effective:6/2/1942
Created 1942 Ky. Acts ch. 36, sec. 8.