Kentucky Statutes 272A.5-110 – Voting by investor members
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If the organic rules provide for investor members, each investor member has one (1) vote, unless the organic rules otherwise provide. The organic rules may provide for the allocation of investor member voting power by class, classes, or any combination of classes.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 40, effective July 12, 2012.
Effective: July 12, 2012
Terms Used In Kentucky Statutes 272A.5-110
- Investor member: means a member that has made a contribution to a limited cooperative association and:
(a) Is not required by the organic rules to conduct patronage with the association in the member's capacity as an investor member in order to receive the member's interest. See Kentucky Statutes 272A.1-020 - Member: means a person that is admitted as a patron member or investor member, or both, in a limited cooperative association. See Kentucky Statutes 272A.1-020
- Voting power: means the total current power of members to vote on a particular matter for which a vote may or is to be taken. See Kentucky Statutes 272A.1-020
History: Created 2012 Ky. Acts ch. 160, sec. 40, effective July 12, 2012.