<br><br> <br>Page 1 of 1 <br>14A.8-010 End of duration. (Effective January 1, 2011) <br>(1) An entity, upon the expiration of its period of duration as set forth in its organic <br>filing, may in the sixty (60) day period thereafter amend its organic filing to extend <br>its period of duration or to delete its period of duration, which amendment shall <br>relate back to the day immediately preceding the expiration of the period of <br>duration. <br>(2) An entity that fails to so amend its organic filing in that sixty (60) day period may <br>not thereafter be reinstated, and shall liquidate its business and affairs in accordance <br>with its organic act. <br>(3) The Secretary of State may with respect to an entity whose period of duration has <br>expired issue a certificate of dissolution or document of similar import <br>notwithstanding that such certificate is issued within the sixty (60) day period <br>referenced in subsection (1) of this section. <br>(4) This section shall have no bearing on whether or not the owners and representatives <br>of an entity, after expiration of its period of duration, have limited liability from the <br>debts, obligations, and liabilities of the entity. <br>Effective: January 1, 2011 <br>History: Created 2010 Ky. Acts ch. 151, sec. 39, effective January 1, 2011. <br><br>