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2011 Kentucky Revised Statutes
CHAPTER 155 BUSINESS DEVELOPMENT CORPORATIONS
155.060 First meeting.


KY Rev Stat § 155.060 (1996 through Reg Sess) What's This?
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155.060 First meeting. (1) (2) The first meeting of the corporation shall be called by a notice signed by three (3) or more of the incorporators, stating the time, place and purpose of the meeting, a copy of which notice shall be mailed, or delivered, to each incorporator at least five (5) days before the day appointed for the meeting. Said first meeting may be held without such notice upon agreement in writing to that effect signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of said notice or of such unanimous agreement of the incorporators. At such first meeting the incorporators shall organize by the choice, by ballot, of a temporary clerk, by the adoption of bylaws, by the election by ballot of directors, and by action upon such other matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. Ten (10) of the incorporators shall be a quorum for the transaction of business. Effective: March 21, 1960 History: Created 1960 Ky. Acts ch. 73, sec. 17, effective March 21, 1960.

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