KRS 386A.5-030: Action by trustees.

(1) On any matter that is to be acted on by trustees:

(a) Each trustee has equal rights in the management and conduct of trust business;

and

(b) The trustees act by majority of the trustees.

(2) The trustees may act other than at a meeting of the trustees if t he minimum number

of trustees necessary to authorize or to take action at a meeting consent in a signed

record. Prompt notice of the action taken must be promptly communicated to all

trustees.

(3) A trustee may not vote by proxy.