2006 Kentucky Revised Statutes - .019   Proxy -- Voting trust.

274.019 Proxy -- Voting trust. 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 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. Effective: July 15, 1980 History: Created 1980 Ky. Acts ch. 288, sec. 1, effective July 15, 1980.