273.375 Director action without meeting.

128 words·~1 min read·/ky/chapter-273/273-375

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

(1)Unless the articles of incorporation or bylaws provide otherwise, action required or

permitted by KRS 273.161 to 273.390 to be taken at a board of directors meeting

may be taken without a meeting if the action is taken by all members of the board.

The action shall be evidenced by one

(1)or more written consents describing the

action taken, signed by each director, and included in the minutes or filed with the

corporate records reflecting the action taken.

(2)Action taken under this section shall be effective when the last director signs the

consent, unless the consent specifies a different effective date.

(3)A consent signed under this section shall have the effect of a meeting vote and may

be described as such in any document.