An Irish surname
Kelly green takes its name from Kelly, one of the most common family names in Ireland. Both the surname and the color green are popular in Ireland. The name started in the United States, where many Irish families had settled. An older version of the Wikipedia page on shades of green gives 1917 as the first recorded use of kelly green as a color name in English.
Brighter than the flag
A book on color history by Gifford and Peintre notes that kelly green is a little brighter than the green on the Irish flag. It is also the green people most often link with St. Patrick's Day. A deeper green with a blue tint is shamrock green, and Islamic green is darker and purer.
About the code
The code #4CBB17 is the one Wikipedia lists for kelly green, but no paint or dye standard stands behind it. Dark text works better on it than white: black text reaches a contrast ratio of about 8.4 to 1, while white only gets 2.5 to 1. Our contrast checker can test other pairs.

