Kentucky Revised Statutes
Ky. Rev. Stat. § 271.095 (2026)
Repealed, 1972
✓ current as of May 2026
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Catchline at repeal: Conditions precedent to beginning business--Liability in case of violation of section. History: Repealed 1972 Ky. Acts ch. 274, sec. 165, effective July 1, 1972. -- Created 1946 Ky. Acts ch. 141, sec. 1, effective July 1, 1946.
Notes of Decisions
Cited in 3
cases, 1961–1974 · leading case: Tri-State Developers, Inc. v. Moore, 343 S.W.2d 812 (Ky. Ct. App. 1961).
Tri-State Developers, Inc. v. Moore, 343 S.W.2d 812 (Ky. Ct. App. 1961). “The second ground on which Johnson’s personal liability is predicated is that *815 at the time of conducting the transaction with Moore and Conley the corporation had not complied with KRS 271.095. This statute provides generally that a corporation organized under Chapter 271…”
Smith v. Manausa, 385 F. Supp. 443 (E.D. Ky. 1974). “The defendants’ personal liability is predicated upon (1) the “controlling person” and/or “aiders and abettor” responsibility engrafted in the securities regulation, 15 U.”
Riley Constr. Co. v. Cates, 356 S.W.2d 589 (Ky. Ct. App. 1962). “Riley maintains that the corporation never complied with the statutory conditions precedent to doing business, and therefore, under KRS 271.095, Porter was individually liable for fhe debts and liabilities of the corporation.”
— Ky. Rev. Stat. § 271.095(2) — 1 case
Tri-State Developers, Inc. v. Moore, 343 S.W.2d 812 (Ky. Ct. App. 1961). “The second ground on which Johnson’s personal liability is predicated is that *815 at the time of conducting the transaction with Moore and Conley the corporation had not complied with KRS 271.095. This statute provides generally that a corporation organized under Chapter 271…”
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