KRS 271B.13-240: Share restrictions.

(1) The corporation may restrict the transfer of uncertificated shares from the date the

demand for their payment is received until the proposed corporate action is taken or

the restrictions released under KRS 271B.13-260.

(2) The person for whom dissenters' r ights are asserted as to uncertificated shares shall

retain all other rights of a shareholder until these rights are canceled or modified by

the taking of the proposed corporate action.