{"data":{"id":"us-ky/krs-272a.16-010","jurisdiction":"us-ky","citation":"KRS 272A.16-010","heading":"Definitions.","body":"As used in this subchapter, unless the context otherwise requires:\n(1) \"Constituent entity\" means an entity that is a party to a merger;\n(2) \"Constituent limited cooperative association\" means a limited cooperative\nassociation that is a party to a merger;\n(3) \"Converted entity\" means the limited cooperative association into which a\nconverting entity converts;\n(4) \"Converting entity\" means a foreign entity that converts into a limited cooperative\nassociation pursuant to KRS 272A.16-020;\n(5) \"Converting limit ed cooperative association\" means a converting entity that is a\nlimited cooperative association;\n(6) \"Foreign entity\" has the meaning set forth in KRS 14A.1-070;\n(7) \"Organizational documents\" means articles of incorporation, bylaws, articles of\nassociation, operating agreements, partnership agreements, or other documents\nserving a similar function in the creation and governance of an entity;\n(8) \"Personal liability\" means personal liability for a debt, liability, or other obligation\nof an entity imposed, b y operation of law or otherwise, on a person that co -owns or\nhas an interest in the entity:\n(a) By the entity's organic law solely because of the person co -owning or having\nan interest in the entity; or\n(b) By the entity's organizational documents under a provision of the entity's\norganic law authorizing those documents to make one (1) or more specified\npersons liable for all or specified parts of the entity's debts, liabilities, and\nother obligations solely because the person co -owns or has an interest in the\nentity; and\n(9) \"Surviving entity\" means an entity into which one (1) or more other entities are\nmerged, whether the entity existed before the merger or is created by the merger.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=41086","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:23Z","sha256":"d832836bba4ef6705bf1e25fd09a928156df9542cf507cb0865c42c7e3294266","source_id":"us-ky","stale":false,"prev":"us-ky/krs-272a.15-040","next":"us-ky/krs-272a.16-020"},"notice":"GroundRules: Original legal text. Not legal advice."}