Kentucky corporate bylaws are a set of legally binding rules that regulate a corporation’s activity and internal operations. Corporate bylaws relay information about the board of directors, annual shareholder meetings, quorum requirements, notification and communication procedures, and the issuance of stock certificates. They also give instructions for rescinding corporate positions, resolving conflicts of interest, and company dissolution.
Kentucky is one of the many states that require corporate bylaws to be enacted by the initial directors (the individuals named in the articles of incorporation). If no initial directors have been appointed, the incorporators can either create the bylaws themselves or assign the task to a board of directors of their choosing.