Kentucky Statutes 272A.8-160 – Voting
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(1) Each director shall have one (1) vote for purposes of decisions made by the board of directors.
(2) Unless the organic rules otherwise provide, the affirmative vote of a majority of directors present at a meeting is required for action by the board of directors.
(3) Directors may not vote by proxy.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 69, effective July 12, 2012.
(2) Unless the organic rules otherwise provide, the affirmative vote of a majority of directors present at a meeting is required for action by the board of directors.
Terms Used In Kentucky Statutes 272A.8-160
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- 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) Directors may not vote by proxy.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 69, effective July 12, 2012.