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KRS 272A.4-040

Voting by district, class, or voting group

Known as the Kentucky Uniform Limited Cooperative Association Act

The act spans §§ 272A.10-010 to 272A.9-010 (123 sections).

Effective: July 12, 2012 History: Created 2012 Ky

(1) This section applies if the organic rules provide for voting by district or class, or if there is one (1) or more identifiable voting groups that a proposed amendment to the organic rules would affect differently from other members with respect to matters identified in KRS 272A.4-050(5)(a) to (e). Approval of the amendment requires the same percentage of votes of the members of that district, class, or voting group required in KRS 272A.4-050 and 272A.5-120.

(2) If a proposed amendment to the organic rules would affect members in two (2) or more districts or classes entitled to vote separately under subsection (1) of this section in the same or a substantially similar way, the districts or classes affected shall vote as a single voting group unless the organic rules otherwise provide for separate voting.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.