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273.227 Officers.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
A corporation shall have the officers described in its bylaws or appointed by the
board of directors in accordance with the bylaws.
A duly appointed officer may appoint one (1) or more officers or assistant
officers if authorized by the bylaws or the board of directors.
The bylaws or the board of directors shall delegate to one (1) of the officers
responsibility for preparing minutes of the directors' and members' meetings
and for authenticating records of the corporation.
The same individual may simultaneously hold more than one (1) office in a
corporation.
Each officer shall be elected or appointed at such time and in such manner and
for such terms not exceeding three (3) years as may be prescribed in the
articles of incorporation or the bylaws. In the absence of any such provision, all
officers shall be elected or appointed annually by the board of directors.
The articles of incorporation or the bylaws may provide that any one (1) or
more officers of the corporation shall be ex officio members of the board of
directors.
Every officer of a corporation, by acceptance of election or appointment as a
director, including by service, shall be deemed to have consented to the
jurisdiction of the courts of the Commonwealth of Kentucky for any action by, in
the name of, or on behalf of the corporation.
Effective:July 12, 2012
History: Amended 2012 Ky. Acts ch. 81, sec. 101, effective July 12, 2012. -Amended 1988 Ky. Acts ch. 23, sec. 197, effective January 1, 1989. -- Created
1968 Ky. Acts ch. 165, sec. 22.
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