KRS 272A.5-120: Voting requirements for members.

If a limited cooperative association has both patron and investor members, the following

rules apply:

(1) The total voting power of all patron members may not be less than a majority of the

entire voting power entitled to vote;

(2) Action on any matter is approved only upon the affirmative vote of at least a

majority of:

(a) All members voting at the meeting unless more than a majority is required by

Subchapter 4, 12, 15, or 16 of this chapter or the organic rules; and

(b) Votes cast by patron members unles s the organic rules require a larger

affirmative vote by patron members; and

(3) The organic rules may provide for the percentage of the affirmative votes that must

be cast by investor members to approve the matter.