KRS 271B.2-050: Organization of corporation.

(1) After incorporation:

(a) If initial directors are named in the articles of incorporation, the initial

directors shall hold an organizational meeting, at the call of a majority of the

directors, to complete the organization of the corporation by appointing

officers, adopting bylaws , and carrying on any other business brought before

the meeting;

(b) If initial directors are not named in the articles, the incorporator or

incorporators shall hold an organizational meeting at the call of a majority of

the incorporators:

1. To elect directors and complete the organization of the corporation; or

2. To elect a board of directors who shall complete the organization of the

corporation.

(2) Action required or permitted by this chapter to be taken by incorporators at an

organizational meeting m ay be taken without a meeting if the action taken is

evidenced by one (1) or more written consents describing the action taken and

signed by each incorporator.

(3) An organizational meeting may be held in or out of this state.