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KRS 272A.5-100

Voting by patron members -- Determination of voting power of patron member

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) Except as provided by subsections (2) and (3) of this section, each patron member has one (1) vote.

(2) The organic rules may allocate voting power among patron members on the basis of one (1) or a combination of the following:

(a) One (1) member, one (1) vote;

(b) Use or patronage;

(c) Equity; or (d) If a patron member is a cooperative, the number of its patron members.

(3) The organic rules may provide for the allocation of patron member voting power by districts or class, or any combination thereof.

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