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the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 7 Shareholders
271B.7.080 Remote communication.
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271B.7-080 Remote communication.
(1) If the board of directors is authorized to determine the place of an annual or special
meeting of shareholders, the board of directors, in its sole discretion, may determine <br>that the meeting shall not be held at any place but shall instead be held solely by <br>means of remote communication under subsection (2) of this section.
(2) If authorized by the board of directors in its sole discretion, and subject to such
guidelines and procedures as the board of directors may adopt, shareholders and <br>proxyholders not physically present at a meeting of shareholders may by means of <br>remote communication: <br>(a) Participate in a meeting of shareholders; and <br>(b) Be deemed present in person and vote at a meeting of shareholders, whether
such meeting is to be held at a designated place or solely by means of remote <br>communication, if: <br>1.
The corporation implements reasonable measures to verify that each <br>person deemed present and permitted to vote at the meeting by means of <br>remote communication is a shareholder or proxyholder;
2.
The corporation implements reasonable measures to provide <br>shareholders and proxyholders referred to in subparagraph 1. of this <br>paragraph a reasonable opportunity to participate in the meeting and to <br>vote on matters submitted to the shareholders, including an opportunity <br>to read or hear the proceedings of the meeting substantially concurrently <br>with the proceedings; and
3.
The corporation records any vote or other action taken at the meeting by <br>a shareholder or proxyholder by means of remote communication. The <br>corporation shall maintain as a record the recorded vote or other action <br>taken.
Effective: July 15, 2002 <br>History: Created 2002 Ky. Acts ch. 102, sec. 21, effective July 15, 2002.
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