155.060 First meeting.

179 words·~1 min read·/ky/chapter-155/155-060

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The first meeting of the corporation shall be called by a notice signed by three

(3)or

more of the incorporators, stating the time, place and purpose of the meeting, a copy

of which notice shall be mailed, or delivered, to each incorporator at least five

days before the day appointed for the meeting. Said first meeting may be held

without such notice upon agreement in writing to that effect signed by all the

incorporators. There shall be recorded in the minutes of the meeting a copy of said

notice or of such unanimous agreement of the incorporators.

(2)At such first meeting the incorporators shall organize by the choice, by ballot, of a

temporary clerk, by the adoption of bylaws, by the election by ballot of directors,

and by action upon such other matters within the powers of the corporation as the

incorporators may see fit. The temporary clerk shall be sworn and shall make and

attest a record of the proceedings. Ten

(10)of the incorporators shall be a quorum

for the transaction of business.