§ 18-441-516. Action without a meeting.
Latest version.
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ACTION WITHOUT A MEETING.
(a) Unless the organic rules require that action be taken only at a members meeting, any action that may be taken by the members may be taken without a meeting if each member entitled to vote on the action consents in a record to the action.
(b) Consent under subsection (a) of this section may be withdrawn by a member in a record at any time before the limited cooperative association receives a consent from each member entitled to vote.
(c) Consent to any action may specify the effective date or time of the action.
Added by Laws 2009, c. 68, § 55, eff. Jan. 1, 2010.