Statutes > Kentucky Statutes > CHAPTER 99 URBAN RENEWAL AND REDEVELOPMENT > 99.160 Stock not to be issued except for value received.

99.160 Stock not to be issued except for value received.

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99.160 Stock not to be issued except for value received. No redevelopment corporation shall issue stock except for money or property actually <br>received for the use and lawful purposes of the corporation or services actually performed <br>for the corporation. Effective: June 2, 1942 <br>History: Created 1942 Ky. Acts ch. 36, sec. 8.