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273.375 Director action without meeting.
(1)
(2)
(3)
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.
Action taken under this section shall be effective when the last director signs the
consent, unless the consent specifies a different effective date.
A consent signed under this section shall have the effect of a meeting vote and may
be described as such in any document.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 34, sec. 67, effective June 24, 2015.
Legislative Research Commission Note (6/24/2015). This section was created in 2015
Ky. Acts ch. 34. At the time 2015 House Bill 440, which became 2015 Acts ch. 34,
was drafted and initially reviewed, the Reviser of Statutes deleted several
occurrences of the phrase, "as amended by Sections 66 through 85 of this Act." One
occurrence of this phrase was inadvertently left in the bill as enacted. The Reviser of
Statutes has removed this phrase under the authority of KRS 7.136.
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