Published in University of Louisville Law Review Vol. 56:55
Kentucky did not see significant changes to its business entity laws in 2017, but it did see a series of changes that incrementally addressed existing ambiguities, provided additional clarity, and created additional capabilities. Specifically, one bill addressed a number of technical points across the range of business entity statutes, while a Second bill effected amendments to the Kentucky Business Corporation Act to provide for public benefit corporations. This article will review these developments in the same order, concluding with a few observations as to other bills of interests. Both of these bills became effective on June 29, 2017.