{"data":{"id":"us-ky/krs-271b.7-210","jurisdiction":"us-ky","citation":"KRS 271B.7-210","heading":"Voting entitlement of shares.","body":"(1) Except as provided in subsections (2) and (4) of this section or unless the articles of\nincorporation provide otherwise, each outstanding share, regardless of class, shall\nbe entitled to one (1) vote on each matter voted on at a shareholders' meeting. Only\nshares shall be entitled to vote.\n(2) Absent special circumstances, the shares of a corporation shall not be entitled to\nvote if they are owned, directly or indirectly, by an entity, domestic or foreign, and\nthe corporation controls, directly or indirectly, the entity's determination to vote, and\nhow to vote, the shares.\n(3) Subsection (2) of this section shall not limit the power of a corporation to vote any\nshares, including its own shares, held by it in a fiduciary capacity.\n(4) Redeemable shares shall not be entitled to vote after notice of redemption is mailed\nto the holders and a sum sufficient to redeem the shares has been deposited with a\nbank, trust company, or other financial institution under an irrevocable obligation to\npay the holders the redemption price on surrender of the shares.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13361","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:18Z","sha256":"225e916837c6dd89d8639f402b8d4e149baf7264c0cc8fd67a7c272e05f736a2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.7-200","next":"us-ky/krs-271b.7-220"},"notice":"GroundRules: Original legal text. Not legal advice."}