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The 2017 Amendments to Kentucky’s Business Entity Statutes

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.

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