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KENTUCKY STATUTES AND CODES

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
received for the use and lawful purposes of the corporation or services actually performed
for the corporation. Effective: June 2, 1942
History: Created 1942 Ky. Acts ch. 36, sec. 8.

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