KRS 271B.6-260: Shares without certificates -- Shares of a public benefit

corporation.

(1) Unless the articles of incorporation or bylaws provide otherwise, the board of

directors of a corporation may authorize the issue of some or all of the shares

of any or all of its classes or series without certificates. The authorization shall

not affect shares already represented by certificates until they are surrendered

to the corporation.

(2) Within a reasonable time after the issue or transfer of shares without

certificates, the corporation shall send the shareholder a written statement of

the information required on certificates by subsections (2) and (3) of KRS

271B.6-250 and, if applicable, KRS 271B.6-270.

(3) Any stock certificate issued by a public benefit corporation shall note

conspicuously that the corporation is a public benefit corporation.