SB 421 (BR 2504) - A. Robinson
AN ACT relating to corporations.
Amend KRS 271B.13-020 to permit a person who owns 25% or more of the shares in a closely held corporation to sell his or her shares to the corporation for an amount equal to multiplying the percentage ownership of the outstanding shares by 95% of the fair market value of the corporation.
Mar 5-introduced in Senate
Mar 6-to Judiciary (S)