299.350 Annual meeting -- Votes -- Bylaws -- Books.
219 words·~1 min read·
/ky/chapter-299/299-350A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The regular meeting of the company shall be held as prescribed in the bylaws, and if
not otherwise provided for shall be held on the second Tuesday of January each
year. At this meeting each person insured shall have one
(1)vote, and those having
two thousand dollars ($2,000) insurance two
(2)votes, and an additional vote for
each additional one thousand dollars ($1,000) insurance, or each policyholder shall
be entitled to only one
(1)vote where the bylaws so provide. Voting may be by
proxy under the rules and regulations prescribed by bylaws, unless prohibited by the
bylaws.
(2)Every company may make and enforce bylaws not inconsistent with the laws of this
state or of the United States, by a two-thirds (2/3) vote of the directors at any
meeting. Any amendment may be made to the bylaws if presented to the president
thirty
(30)days before any meeting.
(3)The directors shall procure proper books in which the secretary shall keep a record
of all transactions of the company and of the board of directors. The books shall
show at all times the condition, affairs and business of the company, and shall be
open for the inspection of members of the company on any day from 9 a.m. until 4
p.m., Sundays and legal holidays excepted.