KRS 271B.7-300: Voting trusts.

(1) One (1) or more shareholders may create a voting trust, conferring on a trustee the

right to vote or otherwise act for them, by signing an agreement setting out the

provisions of the trust (which may include anything consistent with its purpose) and

transferring their shares to the trustee. When a voting trust agreement is signed, the

trustee shall prepare a list of the names and addresses of all owners of beneficial

interests in the trust, together with the number and class of shares each transferred

to th e trust, and deliver copies of the list and agreement to the corporation's

principal office.

(2) A voting trust shall become effective on the date the first shares subject to the trust

are registered in the trustee's name. A voting trust shall be valid for not more than

ten (10) years after its effective date unless extended under subsection (3) of this

section.

(3) All or some of the parties to a voting trust may extend it for additional terms of not

more than ten (10) years each by signing an extension. A n extension shall be valid

for ten (10) years from the date the first shareholder signs the extension agreement.

The voting trustee shall deliver copies of the extension agreement and list of

beneficial owners to the corporation's principal office. An extension agreement shall

bind only those parties signing it.