{"data":{"id":"us-ky/krs-271b.10-010","jurisdiction":"us-ky","citation":"KRS 271B.10-010","heading":"Authority to amend -- Conversion to nonstock, nonprofit corporation.","body":"(1) A corporation may amend its articles of incorporation at any time to add or change a\nprovision that is required or permitted in the articles of incorporation or to delete a\nprovision not required in the articles of incorporation. Whether a provision is\nrequired or permitted in the articles of incorporation shall be determined as of the\neffective date of the amendment.\n(2) A shareholder of the corporation shall not have a vested property right resulting\nfrom any provision in the articles of incorporation , including provisions relating to\nmanagement, control, capital structure, dividend entitlement, or purpose or duration\nof the corporation.\n(3) A corporation existing under this chapter or its predecessors may amend its articles\nof incorporation to convert  into a nonstock, nonprofit corporation under KRS\n273.161 to 273.387, but a corporation existing under KRS 273.161 to 273.387 may\nnot convert to a corporation existing under this chapter.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13407","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:19Z","sha256":"21dc215ac4929495b792ccc677a9d75504b871e75e68d7cabda75c308bc1d7af","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.1-430","next":"us-ky/krs-271b.10-020"},"notice":"GroundRules: Original legal text. Not legal advice."}