Kentucky Revised Statutes Title XXIII. Private Corporations and Associations § 272A.3-020.Organization of limited cooperative association

(1) After a limited cooperative association is formed:

(2) Before the beginning of the initial meeting of the board of directors, an organizer who knows that information in the filed articles of association was inaccurate when the articles were filed or has become inaccurate due to changed circumstances shall promptly:

(3) Unless the articles of association otherwise provide, the initial directors may cause the limited cooperative association to accept members, including those necessary for the association to begin business.

(4) Initial directors need not be members.

(5) An initial director serves until a successor is elected and qualified at a members meeting or the director is removed, resigns, is adjudged incompetent, or dies.