KRS 271B.7-070: Record date.

(1) The bylaws may fix or provide the manner of fixing the record date for one (1) or

more voting groups in order to determine the shareholders entitled to notice of a

shareholders' meeting, to demand a special meeting, to vote, or to take any other

action. If the bylaws do not fix or provide for fixing a record date, the board of

directors of the corporation may fix a future date as the record date.

(2) A record date fixed under this section shall not be more than seventy (70) days

before the meeting or action requiring a determination of shareholders.

(3) A determination of shareholders entitled to notice of or to vote at a shareholders'

meeting shall be effective for any adjournment of the meeting unless the board of

directors fixes a new record date, which i t shall do if the meeting is adjourned to a

date more than one hundred twenty (120) days after the date fixed for the original

meeting.

(4) If a court orders a meeting adjourned to a date more than one hundred twenty (120)

days after the date fixed for the original meeting, it may provide that the original

record date continues in effect or it may fix a new record date.