Voting
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) Each director shall have one (1) vote for purposes of decisions made by the board of directors.
(2) Unless the organic rules otherwise provide, the affirmative vote of a majority of directors present at a meeting is required for action by the board of directors.
(3) Directors may not vote by proxy.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.