273.217 Quorum of directors -- Prohibition on director voting by proxy.
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/ky/chapter-273/273-217A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A majority of the number of directors fixed by the bylaws, or in the absence of a
bylaw fixing the number of directors, then of the number stated in the articles of
incorporation, shall constitute a quorum for the transaction of business, unless
otherwise provided in the articles of incorporation or the bylaws.
(2)Unless the articles of incorporation or bylaws provide otherwise, the board of
directors may permit any or all directors to participate in a regular or special
meeting by, or conduct the meeting through the use of, any means of
communication by which all directors participating may simultaneously
communicate with each other during this meeting. A director participating in a
meeting by this means shall be deemed to be present in person at the meeting.
(3)The act of the majority of the directors present at a meeting at which a quorum is
present shall be the act of the board of directors, unless the act of a greater number
is required by KRS 273.161 to 273.390, the articles of incorporation or the bylaws.
(4)Irrespective of whether or not the corporation has members, a director may not vote
by proxy.