Ky. Rev. Stat. » Chapter 271
Kentucky Revised Statutes

Ky. Rev. Stat. § 271.605 (2026)

Repealed, 1972

✓ laws through the 2026 session (checked Sept. 2026)
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Catchline at repeal: Secondary action by shareholders. History: Repealed 1972 Ky.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, 1951–1968 · leading case: Levitan v. Stout, 97 F. Supp. 105 (W.D. Ky. 1951).
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Levitan v. Stout, 97 F. Supp. 105 (W.D. Ky. 1951). · cites it 9× “KRS 271.605 provides — “In a suit brought to enforce a secondary right on the part of one or more shareholders of a corporation, because the corporation has refused to enforce rights which may properly be asserted by it, the corporation by such shareholder or shareholders shall…”
Sec. Trust Co. v. Dabney, 372 S.W.2d 401 (Ky. Ct. App. 1963). · cites it 5× “Boyle, acting derivatively (KRS 271.605) for and in the name of Security, brought suit against its officers and directors and against First National, demanding that the agreement and proposed consolidation be adjudged unlawful and the defendant officers and directors of Security…”
Cumberland Publ'g Co. v. Adams Real Est. Corp., 432 S.W.2d 808 (Ky. Ct. App. 1968). “KRS 271.605; Security Trust Company v. Dabney, Ky.”
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