KRS 279.400: Meeting of members -- Waiver of notice.

(1) An annual meeting of the members of a cooperative shall be held at such time and

place as shall be provided in the bylaws.

(2) Special meetings of the members may be called by the president, by the board of

trustees, by any three (3) trustees, or by not less than two hundred (200) members or

ten percent (10%) of all members, whichever shall be the lesser.

(3) Except as otherwise provided in KRS 279.310 to 279.600, written or printed notice

stating the time and place of each meeting of the members and, in th e case of a

special meeting, the purpose or purposes for which the meeting is called, shall be

given to each member, either personally or by mail not less than ten (10) days nor

more than twenty -five (25) days before the date of the meeting. If mailed, suc h

notice shall be deemed to be given when deposited in the United States mail with

postage prepaid addressed to the member at his address as it appears on the records

of the cooperative.

(4) Unless the bylaws prescribe the presence of a greater percentage or number of the

members for a quorum, a quorum for the transaction of business at all meetings of

the members of a cooperative having not more than five hundred (500) members,

shall be ten percentum (10%) of all members, present in person, and of a

cooperative having more than five hundred (500) members, shall be fifty (50)

members or one percentum (1%) of all members, whichever is greater, present in

person. If less than a quorum is present at any meeting, a majority of those present

in person may adjourn the meeting from time to time without further notice.

(5) Each member shall be entitled to one (1) vote on each matter submitted to a vote at

a meeting of the members. Voting shall be in person, but, if the bylaws so provide,

may also be by mail.

(6) Any person entitled to notice of a meeting may waive such notice in writing either

before or after such meeting. If any such person shall attend such meeting, such

attendance shall constitute a waiver of notice of such meeting, unless such person

participates therein solely to object to the transaction of any business because the

meeting has not been legally called or convened.