{"data":{"id":"us-ky/krs-271b.13-010","jurisdiction":"us-ky","citation":"KRS 271B.13-010","heading":"Definitions for subtitle.","body":"As used in this subtitle:\n(1) \"Corporation\" means the issuer of the shares held by a dissenter, except that in the\ncase of a merger where the issuing corporation is not the surviving corporation,\nthen, after consummation of the merger, \"corporation\" shall mean the surviving\ncorporation.\n(2) \"Dissenter\" means a shareholder who is entitled to dissent from corporate action\nunder KRS 271B.13 -020 and who exercises that right when and in the manner\nrequired by KRS 271B.13-200 to 271B.13-280.\n(3) \"Fair value,\" with respect to a dissenter's sha res, means the value of the shares\nimmediately before the effectuation of the corporate action to which the dissenter\nobjects, excluding any appreciation or depreciation in anticipation of the corporate\naction unless exclusion would be inequitable. In any transaction subject to the\nrequirements of KRS 271B.12 -210 or exempted by KRS 271B.12 -220(2), \"fair\nvalue\" shall be at least an amount required to be paid under KRS 271B.12 -220(2) in\norder to be exempt from the requirements of KRS 271B.12-210.\n(4) \"Interest\" means interest from the effective date of the corporate action until the\ndate of payment, at the average rate currently paid by the corporation on its\nprincipal bank loans or, if none, at a rate that is fair and equitable under all the\ncircumstances.\n(5) \"Record shareholder\" means the person in whose name shares are registered in the\nrecords of a corporation or the beneficial owner of shares to the extent of the rights\ngranted by a nominee certificate on file with a corporation.\n(6) \"Beneficial shareholder\" means the person who is a beneficial owner of shares held\nin a voting trust or by a nominee as the record shareholder.\n(7) \"Shareholder\" means the record shareholder or the beneficial shareholder.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13433","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:19Z","sha256":"df6d0f10e32fe4be449c9f217cc05b021788861dcb3294b8af4a6179b3e03da2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.12-230","next":"us-ky/krs-271b.13-020"},"notice":"GroundRules: Original legal text. Not legal advice."}