Lesson in Caution: Capital Call Provisions in Operating Agreements
On August 26, 2010, the Supreme Court of Kentucky issued its decision in Racing Investment Fund 2000, LLC v. Clay Ward Agency, Inc. (Case No. 2007-CA-002282-MR). The decision addressed the question of whether a...
New law brings changes for Kentucky business owners
Kentucky Senate Bill 150, also known as the “2010 Kentucky Business Entities Act,” was signed into law by Governor Beshear on April 13, 2010 and will become effective on July 15, 2010. Included among...
CMS proposes rule on Stark Physician Imaging Notice
On Friday, June 25th, CMS announced its intentions with respect to the notice physicians are required by Section 6003 of PPACA to give to patients upon referral for an MRI, CT or PET service...
Know your options for green energy incentives
Sustainable, or “green,” construction practices have gone from fringe movement to mainstream. A significant part of these practices, as reflected in the LEED rating system, concern energy conservation and efficiency. However, concerns still exist...
Tennessee foreclosure statutes: Lenders, take note
Lenders, take note. Two new statutory provisions were signed into law that affect foreclosure procedures and a lender’s efforts to establish a deficiency judgment. A new notice requirement for foreclosures of owner-occupied principal residences...
Biotechnology companies receive R&D incentive from Health Care Reform
Small biotechnology and pharmaceutical companies got a dose of incentive from Health Care Reform in the form of a Federal tax credit and grant program. The Therapeutic Discovery Project Tax Credit program (“TDPC”) sets...
Contractors Beware - Strings Attached to Projects using Stimulus Funds
The American Recovery and Reinvestment Act, Pub. L. No. 11-5 (“ARRA”), was signed into law by President Obama in February of 2009. The ARRA’s primary goals are to (1) create new jobs and save...
Homebuilder's commercial liability insurance may not completely protect you
In a recent decision involving the defective construction of a home, The Kentucky Supreme Court held that a claim for defective construction against a homebuilder is not covered by the homebuilder’s commercial general liability...