{"data":{"id":"us-ky/krs-273.347","jurisdiction":"us-ky","citation":"KRS 273.347","heading":"Decree of involuntary dissolution.","body":"(1) In a proceeding to liquidate the assets and affairs of a corporation, when the costs\nand expenses of such proceeding and all debts, obligations, and liabilities of the\ncorporation shall have been paid and discharged and all of its remaining property\nand as sets distributed in accordance with the provisions of KRS 273.161 to\n273.390, or in case its property and assets are not sufficient to satisfy and discharge\nsuch costs, expenses, debts, and obligations, and all the property and assets have\nbeen applied so far as they will go to their payment, the court shall enter a decree\ndissolving the corporation.\n(2) The clerk of the court shall cause a certified copy of a decree entered under\nsubsection (1) of this section to be filed with the Secretary of State. No fe e shall be\ncharged by the Secretary of State for the filing thereof. The dissolution shall be\neffective upon the latter of the date of filing of the decree by the Secretary of State\nor such later date as is specified in the decree.","path":["KRS Chapter 273"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40442","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:24Z","sha256":"a53728b816877bfa6aea2d9c248f7f88767151523a48fe493889ec19521c1acf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-273.343","next":"us-ky/krs-273.350"},"notice":"GroundRules: Original legal text. Not legal advice."}