There is a newer version of this Section
2022
2021
2020
2019
2018 (you are here)
Other previous versions
View our newest version here

2018 Kentucky Revised Statutes
CHAPTER 272A - KENTUCKY UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT
Subchapter 8 - Board of Directors -- Officers
272A.8-170 Committees.

Universal Citation: KY Rev Stat § 272A.8-170 (2018)
Previous Next

Download as PDF
272A.8-170 Committees. (1) (2) (3) (4) Unless the organic rules otherwise provide, a board of directors may create one (1) or more committees and appoint one (1) or more individuals to serve on a committee. Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director or member. An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee. Unless the organic rules otherwise provide, each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee may not: (a) Approve allocations or distributions, except according to a formula or method prescribed by the board of directors; (b) Approve or propose to the members action requiring approval of the members; or (c) Fill vacancies on the board of directors or any of its committees. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 70, effective July 12, 2012.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.