(1) Unless the organic rules otherwise provide, a vacancy on the board of directors shall be filled:
- (a) Within a reasonable time by majority vote of the remaining directors until the next annual members meeting or a special meeting of members called to fill the vacancy; and
- (b) For the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy.
(2) Unless the organic rules otherwise provide, if a vacating director was elected or appointed by a class of members or a district:
- (a) The new director shall be of that class or district; and
- (b) The selection of the director for the unexpired term shall be conducted in the same manner as would the selection for that position without a vacancy. If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy.
- (3)
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 62, effective July 12, 2012.