{"data":{"id":"us-ky/krs-271b.7-020","jurisdiction":"us-ky","citation":"KRS 271B.7-020","heading":"Special meeting.","body":"(1) A corporation shall hold a special meeting of shareholders:\n(a) On call of its board of directors or the person or persons authorized to do so\nby the articles of incorporation or bylaws; or\n(b) If the holders of at least thirty -three and one-third percent (33 1/3%) (or such\nhigher or lower percentage as is contained in the articles of incorporation) of\nall the votes entitled to be cast on any issue proposed to be considered at the\nproposed special meeting sign, date, and deliver to the corporation's secreta ry\none (1) or more written demands for the meeting describing the purpose or\npurposes for which it is to be held.\n(2) If not otherwise fixed under KRS 271B.7 -030 or 271B.7 -070, the record date for\ndetermining shareholders entitled to demand a special meeti ng shall be the date the\nfirst shareholder signs the demand.\n(3) Special shareholders' meetings may be held in or out of this state at the place stated\nin or fixed in accordance with the bylaws. If no place is stated or fixed in\naccordance with the bylaws,  special meetings shall be held at the corporation's\nprincipal office.\n(4) Only business within the purpose or purposes described in the meeting notice\nrequired by subsection (3) of KRS 271B.7 -050 may be conducted at a special\nshareholders' meeting.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13353","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:18Z","sha256":"73c14beeacf267dceb5a03768ce603aa84eb04e0a035ac5cbbb55c8110b321a2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.7-010","next":"us-ky/krs-271b.7-030"},"notice":"GroundRules: Original legal text. Not legal advice."}