KRS 274.019: Proxy -- Voting trust.

No proxy for shares of a professional service corporation shall be valid unless it shall be

given to a qualified person. A voting trust with respect to shares of a professional service

corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified

persons, except that a voting trust may be validly continued for a period of ten (10)

months after the death of a deceased beneficiary or for a period of five (5) months after a

beneficiary has become a disqualified person.