OAG 78-585 is cited in the decision to support the principle that a corporation is a legal entity distinct from its shareholders, and that property owned by a corporation with non-resident alien shareholders is not subject to escheat provisions. This citation is used to establish the legal status and rights of foreign corporations in Kentucky, particularly in relation to property ownership.
OAG 78-585 was Followed by OAG 82-291
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Disclaimer:
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.