{"data":{"id":"us-ky/krs-273.302","jurisdiction":"us-ky","citation":"KRS 273.302","heading":"Effect of dissolution.","body":"(1) A dissolved corporation shall continue its corporate existence but shall not carry on\nany business except that appropriate to wind up and liquidate its business and\naffairs, including:\n(a) Collecting its assets;\n(b) Disposing of its properties in accordance with KRS 273.303;\n(c) Discharging or making provision for discharging its liabilities including, as\nappropriate, entering into agreements with creditors for the satisfaction\nthereof; and\n(d) Doing every other act necessary to wind up and liquidate its bu siness and\naffairs.\n(2) Dissolution of a corporation shall not:\n(a) Transfer title to the corporation's property;\n(b) Subject its directors or officers to standards of conduct different from those\nprescribed in KRS 273.161 to 273.390;\n(c) Change quorum or voting requirements for its board of directors or members;\nchange provisions for selection, resignation, or removal of its directors or\nofficers or both; or change provisions for amending its bylaws;\n(d) Prevent commencement of a proceeding by or against t he corporation in its\ncorporate name;\n(e) Abate or suspend a proceeding pending by or against the corporation on the\neffective date of dissolution;\n(f) Terminate the authority of the registered agent of the corporation;\n(g) Alter the obligations and respon sibilities of the corporation as prescribed by\napplicable federal or state law with regard to the filing or examination of all\nfederal and state tax returns or the payment, assessment, or collection of any\nfederal or state tax due with respect to those returns; or\n(h) Abate or suspend KRS 273.187(2).","path":["KRS Chapter 273"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=44386","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:24Z","sha256":"a12731507e1c66b712a9ba03986df0881592a93433ad0173eea5ba93302ecd09","source_id":"us-ky","stale":false,"prev":"us-ky/krs-273.300","next":"us-ky/krs-273.303"},"notice":"GroundRules: Original legal text. Not legal advice."}