{"data":{"id":"us-ky/krs-271b.8-100","jurisdiction":"us-ky","citation":"KRS 271B.8-100","heading":"Vacancy on board.","body":"(1) Unless the articles of incorporation provide otherwise, if a vacancy occurs on a\nboard of directors, including a vacancy resulting from an increase in the number of\ndirectors:\n(a) The shareholders may fill the vacancy;\n(b) The board of directors may fill the vacancy; or\n(c) If the directors remaining in office constitute fewer than a quorum of the\nboard, they may fill the vacancy by the affirmative vote of a majority of all the\ndirectors remaining in office.\n(2) If the vacant office was held by a director elected by a voting group of shareholders,\nonly the holders of shares of that voting group shall be entitled to vote to fill the\nvacancy if it is filled by the shareholders.\n(3) A vacancy that will occur at a specific later date (by reason of a resignation\neffective at a later date under subsection (2) of KRS 271B.8 -070 or otherwise) may\nbe filled before the vacancy occurs but the new director may not take office until the\nvacancy occurs.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=13380","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:19Z","sha256":"1c62585322253b721bcb53a93cccccc581c990fcaa9f7b0ffcfe8cf11f11dbc0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-271b.8-080","next":"us-ky/krs-271b.8-110"},"notice":"GroundRules: Original legal text. Not legal advice."}