{"data":{"id":"us-ky/krs-271b.7-300","jurisdiction":"us-ky","citation":"KRS 271B.7-300","heading":"Voting trusts.","body":"(1) One (1) or more shareholders may create a voting trust, conferring on a trustee the\nright to vote or otherwise act for them, by signing an agreement setting out the\nprovisions of the trust (which may include anything consistent with its purpose) and\ntransferring their shares to the trustee. When a voting trust agreement is signed, the\ntrustee shall prepare a list of the names and addresses of all owners of beneficial\ninterests in the trust, together with the number and class of shares each transferred\nto th e trust, and deliver copies of the list and agreement to the corporation's\nprincipal office.\n(2) A voting trust shall become effective on the date the first shares subject to the trust\nare registered in the trustee's name. A voting trust shall be valid for  not more than\nten (10) years after its effective date unless extended under subsection (3) of this\nsection.\n(3) All or some of the parties to a voting trust may extend it for additional terms of not\nmore than ten (10) years each by signing an extension. A n extension shall be valid\nfor ten (10) years from the date the first shareholder signs the extension agreement.\nThe voting trustee shall deliver copies of the extension agreement and list of\nbeneficial owners to the corporation's principal office. An extension agreement shall\nbind only those parties signing it.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13369","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:18Z","sha256":"eec9e4dd00d3bb0698a2a0447bd426513a10323d8ac1297dc7460cdb91add3e7","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.7-280","next":"us-ky/krs-271b.7-310"},"notice":"GroundRules: Original legal text. Not legal advice."}