KRS 272A.8-050: Term of directors.

(1) Unless the organic rules otherwise provide, and subject to subsections (3) and (4) of

this section and KRS 272A.3 -020(5), the term of a director expires at the annual

members meeting following the director's election or appointment. The term of a

director may not exceed three (3) years.

(2) Unless the organic rules otherwise provide, a director may be reelected.

(3) Except as otherwise provided in subsection (4) of this section, a director continues

to serve until a successor director is elected or appointe d and qualifies or the

director is removed, resigns, is adjudged incompetent, or dies.

(4) Unless the organic rules otherwise provide, a director does not serve the remainder

of the director's term if the director ceases to qualify to be a director.