KRS 272.331: Association formed under prior law subject to this law -- Rights.

An association, or corporation, heretofore formed under or subject to statutes repealed by

the 1966 Act [272.010(2); 272.060; 272.100 to 272.350], shall continue under and be

subject to the provisions of this chapter as if incorporated hereunder; but all r ights of

property and contract which accrued before June 16, 1966 shall continue to be governed

by the law under which such rights accrued. An association, also may continue to use its

existing name, type of operations, bylaws, forms of marketing contracts , methods of

financing and requirements as to reserves insofar as valid under prior laws unless

expressly contrary to the provisions of KRS 272.101 to 272.341.