Kentucky Statutes 381.788 – Declarant control period — Surrender of declarant’s control
Current as of: 2024 | Check for updates
|
Other versions
(1) A declaration shall provide a declarant control period and specify the time and manner in which the declarant control period ends.
(2) A declarant may surrender the right to appoint and remove officers and directors of the board and relinquish management and control of the association before termination of a declarant control period.
Effective: June 29, 2023
History: Created 2023 Ky. Acts ch. 23, sec. 4, effective June 29, 2023.
(2) A declarant may surrender the right to appoint and remove officers and directors of the board and relinquish management and control of the association before termination of a declarant control period.
Terms Used In Kentucky Statutes 381.788
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
Effective: June 29, 2023
History: Created 2023 Ky. Acts ch. 23, sec. 4, effective June 29, 2023.