Kentucky Revised Statutes · § 386A.5-030 — Action by trustees

(1) On any matter that is to be acted on by trustees:

(a) Each trustee has equal rights in the management and conduct of trust business; and

(b) The trustees act by majority of the trustees.

(2) The trustees may act other than at a meeting of the trustees if the minimum number of trustees necessary to authorize or to take action at a meeting consent in a signed record. Prompt notice of the action taken must be promptly communicated to all trustees.

(3) A trustee may not vote by proxy.