Kentucky Statutes 272A.8-120 – Board action without meeting
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(1) Unless prohibited by the organic rules, any action that may be taken by a board of directors may be taken without a meeting if each director consents in a record to the action.
(2) Consent under subsection (1) of this section may be withdrawn by a director in a record at any time before the limited cooperative association receives consent from all directors.
(3) A record of consent for any action under subsection (1) of this section may specify the effective date or time of the action.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 65, effective July 12, 2012.
(2) Consent under subsection (1) of this section may be withdrawn by a director in a record at any time before the limited cooperative association receives consent from all directors.
Terms Used In Kentucky Statutes 272A.8-120
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
- Director: means a director of a limited cooperative association. See Kentucky Statutes 272A.1-020
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
(3) A record of consent for any action under subsection (1) of this section may specify the effective date or time of the action.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 65, effective July 12, 2012.