KRS 386A.7-020: Approval of proposed merger -- No right of dissent.
Where this section sits in the code
(1) With respect to each constituent statutory trust, the plan of merger shall require the
approval of the beneficial owners.
(2) Each constituent organization that is not a statutory trust and that is a party to a
proposed merger shall approve the plan of mer ger in the manner and by the vote
required by the laws applicable to the constituent organization.
(3) Unless otherwise provided in the governing instrument or a written agreement and
plan of merger, no beneficial owner of a statutory trust shall have the right to
dissent from a merger.
(4) Each constituent organization shall have the rights to abandon the merger as
provided for in the plan of merger or in the laws applicable to the constituent
organization.
Collected 2026-09-05T20:59:18Z. Source file · JSON