At the stated meeting for the election of officers, trustees, directors or managers, an attendance of a majority of the persons entitled to vote at the meeting shall not be necessary for a quorum. A failure to elect on the day designated for the meeting shall not dissolve a company, but the election may be held on a subsequent day on the same notice as required for the stated meeting. A newspaper publication of a bylaw regulating an election shall not be necessary to its validity.
Effective: October 1, 1942

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Terms Used In Kentucky Statutes 299.110

  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
  • Quorum: The number of legislators that must be present to do business.

History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 675.