{"data":{"id":"us-ky/krs-299.270","jurisdiction":"us-ky","citation":"KRS 299.270","heading":"Directors of reorganized company -- Election -- Powers.","body":"Upon the receipt of the certificate from the commissioner authorizing the reorganized\ncompany to do business upon the stock or mutual plan, the stockholders may elect from\namong themselves directors, in accordance with the articles of incorporation and byl aws\nof the company and the laws of this state, to hold office until the ensuing annual meeting\nand until their successors have been duly elected and qualified. The directors so elected\nshall have all the rights and powers proper to be exercised by the dire ctors of life\ninsurance companies upon the mutual or stock plan.","path":["KRS Chapter 299"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=15849","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:27Z","sha256":"07e7ea0c6c0fe8863cb81ec581f03e06017406aa054dd4c3ffc6f621e374af04","source_id":"us-ky","stale":false,"prev":"us-ky/krs-299.260","next":"us-ky/krs-299.280"},"notice":"GroundRules: Original legal text. Not legal advice."}