KRS 304.25-030: Emergency bylaws.

(1) With the approval of the commissioner, any domestic organization may, at any

time, adopt, in the same manner as in the case of ordinary bylaws, emergency

bylaws to become operative during a period of acute emergency. Emergency bylaws

may contain provisions with respect to the number of directors capable of acting

which shall constitute its board, the number of such directors which shall constitute

a quorum at a meeting of the board, the number of votes necessary for action by

such board, the manner in which vacancies on the board shall be filled, the line of

succession of its officers, and the interim management of the affairs of the insurance

organization; such provisions, if approved by the commissioner, need not comply

with the requirement of the charter of such domestic organization or of the

insurance or incorporation laws of this state.

(2) KRS 304.25-040 and subsections (2) to (6), inclusive, of KRS 304.25-050, shall not

be applicable during a period of acute emergency to any domestic organization

operating in accordance with and under emergency bylaws theretofore approved by

the commissioner.