272.191 Who may become members. (1) Under terms and conditions prescribed in its bylaws, an association may admit as members (or issue voting stock to) only persons engaged in the production of agricultural products, including tenants and landlords who receive any part of the crop raised on the leased premises or one or more associations of such producers. An association or foreign association may be the sole member or holder of all the voting stock of an association or of a foreign association. (2) If any member of an association organized or brought hereunder be other than a natural person, such member may be represented by an individual, delegate, associate, officer, or member thereof, duly authorized in writing. (3) Associations organized hereunder may become members of other association s. History: Amended 1972 Ky. Acts ch. 112, sec. 5. -- Created 1966 Ky. Acts ch. 208, sec. 10.
Kentucky Legal Code