Kentucky Statutes 273A.070 – Member meetings — Procedural requirements
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(1) Unless the governing principles of a corporation provide otherwise:
(a) Approval of a matter by members requires an affirmative majority of the votes cast at a meeting of members; and
(b) Each member is entitled to one (1) vote on each matter that is submitted for approval by members.
(2) Notice and quorum requirements for member meetings and the conduct of meetings of members shall be determined by the governing principles.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 34, sec. 25, effective June 24, 2015.
(a) Approval of a matter by members requires an affirmative majority of the votes cast at a meeting of members; and
Terms Used In Kentucky Statutes 273A.070
- Governing principles: means the agreements, whether oral, in a record, or implied from its established practices, that govern the purpose or operation of an unincorporated nonprofit association and the rights and obligations of its members and manager. See Kentucky Statutes 273A.005
- Member: means a person that, under the governing principles, may participate in the selection of persons authorized to manage the affairs of the unincorporated nonprofit association or in the development of the policies and activities of the association. See Kentucky Statutes 273A.005
- Quorum: The number of legislators that must be present to do business.
(b) Each member is entitled to one (1) vote on each matter that is submitted for approval by members.
(2) Notice and quorum requirements for member meetings and the conduct of meetings of members shall be determined by the governing principles.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 34, sec. 25, effective June 24, 2015.