{"data":{"id":"us-ky/krs-155.110","jurisdiction":"us-ky","citation":"KRS 155.110","heading":"Powers of members and stockholders -- Voting.","body":"(1) The stockholders and members of the corporation shall have the following powers\nof the corporation:\n(a) To determine the number of and elect directors as provided in KRS 155.130;\n(b) To make, amend and repeal bylaws;\n(c) To amend its articles of incorporation as provided in KRS 155.120;\n(d) To exercise such other of the powers of the corporation as may be conferred\non the stockholders and the members by the bylaws.\n(2) As to all matters requiring action by the stockholders and the members of the\ncorporation, said stockholders and said members shall vote separately thereon by\nclasses, and, except as otherwise herein provided, such matters shall require the\naffirmative vote of a majority of the votes to which the stockholders present or\nrepresented at the meeting are entitled, and the affirmative vote of a majority of the\nvotes to which the members present or represented at the meeting are entitled.\n(3) Each stockholder shall have one (1) vote, in person or by proxy, for each share of\ncapital stock held by him, and each member shall have one (1) vote, in person or by\nproxy, except that any member having a loan limit of more than one thousand\ndollars ($1,000) shall have one (1) additional vote, in person or by proxy, for each\nadditional one thousand dollars  ($1,000) which such member is authorized to have\noutstanding on loans to the corporation at any one (1) time as determined under\nparagraph (c) of subsection (2) of KRS 155.080.","path":["KRS Chapter 155"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3064","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:58Z","sha256":"7201b5434af46fb4e0a6cc21bc6f6be0d414fef296b12ca397b812368901489e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-155.100","next":"us-ky/krs-155.120"},"notice":"GroundRules: Original legal text. Not legal advice."}