KRS 272.450: Officers.

The directors shall elect from their number a president and one or more vice presidents.

They shall also elect a secretary and a treasurer, who need not be directors or members of

the association; and they may combine the two (2) latter offices and designa te the

combined office as secretary-treasurer; or unite both functions and titles in one (1) person.

The treasurer may be a bank or any depository, and as such shall not be considered as an

officer, but as a function of the board of directors. In such case , the secretary shall

perform the usual accounting duties of the treasurer, excepting that the funds shall be

deposited only as and where authorized by the board of directors.