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2006 Kentucky Revised Statutes - .040 Election of directors by certain classes of shareholders.
271B.8-040 Election of directors by certain classes of
shareholders. If the articles of incorporation authorize
dividing the shares into classes, the articles may also authorize
the election of all or a specified number of directors by the
holders of one (1) or more authorized classes of shares. A class
(or classes) of shares entitled to elect one (1) or more directors
is a separate voting group for purposes of the election of
directors. Effective: January 1, 1989 History:
Created 1988 Ky. Acts ch. 23, sec. 71, effective January 1, 1989.
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