273.227 Officers.

231 words·~1 min read·/ky/chapter-273/273-227

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

(1)A corporation shall have the officers described in its bylaws or appointed by the

board of directors in accordance with the bylaws.

(2)A duly appointed officer may appoint one

(1)or more officers or assistant officers if

authorized by the bylaws or the board of directors.

(3)The bylaws or the board of directors shall delegate to one

(1)of the officers

responsibility for preparing minutes of the directors' and members' meetings and for

authenticating records of the corporation.

(4)The same individual may simultaneously hold more than one

(1)office in a

corporation.

(5)Each officer shall be elected or appointed at such time and in such manner and for

such terms not exceeding three

(3)years as may be prescribed in the articles of

incorporation or the bylaws. In the absence of any such provision, all officers shall

be elected or appointed annually by the board of directors.

(6)The articles of incorporation or the bylaws may provide that any one

(1)or more

officers of the corporation shall be ex officio members of the board of directors.

(7)Every officer of a corporation, by acceptance of election or appointment as an

officer, including by service, shall be deemed to have consented to the jurisdiction

of the courts of the Commonwealth of Kentucky for any action by, in the name of,

or on behalf of the corporation.