Kentucky Statutes 272A.4-030 – Method of voting on amendment of organic rules
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(1) A substantive change to a proposed amendment of the organic rules may not be made at the members meeting at which a vote on the amendment occurs.
(2) A nonsubstantive change to a proposed amendment of the organic rules may be made at the members meeting at which the vote on the amendment occurs and need not be separately voted upon by the board of directors.
(3) A vote to adopt a nonsubstantive change to a proposed amendment to the organic rules shall be by the same percentage of votes required to pass a proposed amendment.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 25, effective July 12, 2012.
(2) A nonsubstantive change to a proposed amendment of the organic rules may be made at the members meeting at which the vote on the amendment occurs and need not be separately voted upon by the board of directors.
Terms Used In Kentucky Statutes 272A.4-030
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Members meeting: means an annual members meeting or special meeting of members. See Kentucky Statutes 272A.1-020
(3) A vote to adopt a nonsubstantive change to a proposed amendment to the organic rules shall be by the same percentage of votes required to pass a proposed amendment.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 25, effective July 12, 2012.