272A.8-090 Vacancy on board.

KY Rev Stat § 272A.8-090 (2019) (N/A)
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272A.8-090 Vacancy on board. (1) Unless the organic rules otherwise provide, a vacancy on the board of directors shall be filled: (a) Within a reasonable time by majority vote of the remaining directors until the next annual members meeting or a special meeting of members called to fill the vacancy; and (b) For the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy. (2) Unless the organic rules otherwise provide, if a vacating director was elected or appointed by a class of members or a district: (a) The new director shall be of that class or district; and (b) The selection of the director for the unexpired term shall be conducted in the same manner as would the selection for that position without a vacancy. (3) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 62, effective July 12, 2012.