Action by single and multiple voting groups
KRS 271B.7-260
in effect271B.7-260. Action by single and multiple voting groups
(1) If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter shall be taken when voted upon by that voting group as provided in KRS 271B.7-250.
(2) If the articles of incorporation or this chapter provide for voting by two (2) or more voting groups on a matter, action on that matter shall be taken only when voted upon by each of those voting groups counted separately as provided in KRS 271B.7-250. Action may be taken by one (1) voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 62, effective January 1, 1989.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13366Fetched: 10/20/2026
