Kentucky Statutes 272A.8-220 – Resignation and removal of officers
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(1) The board of directors may remove an officer at any time with or without cause.
(2) An officer of a limited cooperative association may resign at any time by giving notice in a record to the association. Unless the notice specifies a later time, the resignation is effective when the notice is given.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 75, effective July 12, 2012.
(2) An officer of a limited cooperative association may resign at any time by giving notice in a record to the association. Unless the notice specifies a later time, the resignation is effective when the notice is given.
Terms Used In Kentucky Statutes 272A.8-220
- Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 75, effective July 12, 2012.