279.400 Meeting of members -- Waiver of notice.
390 words·~2 min read·
/ky/chapter-279/279-400A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)An annual meeting of the members of a cooperative shall be held at such time and
place as shall be provided in the bylaws.
(2)Special meetings of the members may be called by the president, by the board of
trustees, by any three
(3)trustees, or by not less than two hundred
(200)members or
ten percent (10%) of all members, whichever shall be the lesser.
(3)Except as otherwise provided in KRS 279.310 to 279.600, written or printed notice
stating the time and place of each meeting of the members and, in the case of a
special meeting, the purpose or purposes for which the meeting is called, shall be
given to each member, either personally or by mail not less than ten
(10)days nor
more than twenty-five
(25)days before the date of the meeting. If mailed, such
notice shall be deemed to be given when deposited in the United States mail with
postage prepaid addressed to the member at his address as it appears on the records
of the cooperative.
(4)Unless the bylaws prescribe the presence of a greater percentage or number of the
members for a quorum, a quorum for the transaction of business at all meetings of
the members of a cooperative having not more than five hundred
(500)members,
shall be ten percentum (10%) of all members, present in person, and of a
cooperative having more than five hundred
(500)members, shall be fifty
members or one percentum (1%) of all members, whichever is greater, present in
person. If less than a quorum is present at any meeting, a majority of those present
in person may adjourn the meeting from time to time without further notice.
(5)Each member shall be entitled to one
(1)vote on each matter submitted to a vote at
a meeting of the members. Voting shall be in person, but, if the bylaws so provide,
may also be by mail.
(6)Any person entitled to notice of a meeting may waive such notice in writing either
before or after such meeting. If any such person shall attend such meeting, such
attendance shall constitute a waiver of notice of such meeting, unless such person
participates therein solely to object to the transaction of any business because the
meeting has not been legally called or convened.