304.25-030 Emergency bylaws.
(1) With the approval of the commissioner, any domestic organization may, at any
time, adopt, in the same manner as in the case of ordinary bylaws, emergency <br>bylaws to become operative during a period of acute emergency. Emergency bylaws <br>may contain provisions with respect to the number of directors capable of acting <br>which shall constitute its board, the number of such directors which shall constitute <br>a quorum at a meeting of the board, the number of votes necessary for action by <br>such board, the manner in which vacancies on the board shall be filled, the line of <br>succession of its officers, and the interim management of the affairs of the insurance <br>organization; such provisions, if approved by the commissioner, need not comply <br>with the requirement of the charter of such domestic organization or of the <br>insurance or incorporation laws of this state.
(2) KRS 304.25-040 and subsections (2) to (6), inclusive, of KRS 304.25-050, shall not
be applicable during a period of acute emergency to any domestic organization <br>operating in accordance with and under emergency bylaws theretofore approved by <br>the commissioner.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 1363, effective July 15, 2010. -- Created
1970 Ky. Acts ch. 301, subtit. 25, sec. 3, effective June 18, 1970.
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