274.019 Proxy -- Voting trust.
86 words·~1 min read·
/ky/chapter-274/274-019A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No proxy for shares of a professional service corporation shall be valid unless it shall be given to a qualified person. A voting trust with respect to shares of a professional service corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified persons, except that a voting trust may be validly continued for a period of ten
(10)months after the death of a deceased beneficiary or for a period of five
(5)months after a beneficiary has become a disqualified person.