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155.040 Contents of articles of incorporation.

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155.040 Contents of articles of incorporation. The articles of incorporation shall set forth the amount of total authorized capital stock <br>and the number of shares in which it is divided, the par value of each share, and the <br>amount of capital stock with which the corporation will commence business and, if there <br>is more than one (1) class of stock, a description of the different classes, and the names <br>and post office addresses of the subscribers of stock and the number of shares subscribed <br>by each. The aggregate of the subscription shall be the amount of capital with which the <br>corporation will commence business. The articles of incorporation may also contain any <br>provision consistent with the laws of this Commonwealth for the regulation of the affairs <br>of the corporation or creating, defining, limiting, and regulating its power. Effective: March 21, 1960 <br>History: Created 1960 Ky. Acts ch. 73, sec. 5, effective March 21, 1960.