{"data":{"id":"us-ky/krs-271b.6-030","jurisdiction":"us-ky","citation":"KRS 271B.6-030","heading":"Issued and outstanding shares.","body":"(1) A corporation may issue the number of shares of each class or series authorized by\nthe articles of incorporation. Shares that are issued shall be outstanding shares until\nthey are reacquired, redeemed, converted, or canceled.\n(2) The reacquisition, redemption, or conversion of outstanding shares shall be subject\nto the limitations of subsection (3) of this section and to KRS 271B.6-400.\n(3) At all times that shares of the corporation are outstanding, one (1) or more shares\nthat together have unlimited votin g rights and one (1) or more shares that together\nare entitled to receive the net assets of the corporation upon dissolution shall be\noutstanding.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13338","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:18Z","sha256":"96351bec88c7ba424310fed5302a76465ac90ecf2f7e22ca6ea25d07a52ed4cf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.6-020","next":"us-ky/krs-271b.6-040"},"notice":"GroundRules: Original legal text. Not legal advice."}