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Kentucky · Snapshot 09/05/2026

KRS 271B.13-250: Payment.

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Where this section sits in the code

    (1) Except as provided in KRS 271B.13 -270, as soon as the proposed corporate action

    is taken, or upon receipt of a payment demand, the corporation shall pay each

    dissenter who complied with KRS 271B.13 -230 the amount the corporation

    estimates to be the fair value of his shares, plus accrued interest.

    (2) The payment shall be accompanied by:

    (a) The corporation's balance sheet as of the end of a fiscal year ending not more

    than sixteen (16) months before the date of payment, an income statement for

    that year, a statement of changes in shareholders' equity for that year, and the

    latest available interim financial statements, if any;

    (b) A statement of the corporation's estimate of the fair value of the shares;

    (c) An explanation of how the interest was calculated; and

    (d) A statement of the dissenter's right to demand payment under KRS 271B.13 -

    280.

    Collected 2026-09-05T20:53:19Z. Source file · JSON

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