Kentucky Statutes 272.470 – Referendum on action of board of directors
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Upon demand of one-third (1/3) of the entire board of directors any matter that has been approved or passed by the board must be referred to the entire membership for decision at the next special or regular meeting; provided, however, that a special meeting may be called for that purpose.
History: Created 1942 Ky. Acts ch. 88, sec. 13.
History: Created 1942 Ky. Acts ch. 88, sec. 13.
Terms Used In Kentucky Statutes 272.470
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010