Kentucky Statutes 271B.2-060 – Bylaws
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(1) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.
(2) The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 20, effective January 1, 1989.
(2) The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
Terms Used In Kentucky Statutes 271B.2-060
- Articles of incorporation: include amended and restated articles of incorporation and articles of merger. See Kentucky Statutes 271B.1-400
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 20, effective January 1, 1989.