§ 18-441-812. Action without meeting.  


Latest version.
  • ACTION WITHOUT MEETING.

    (a)  Unless prohibited by the organic rules, any action that may be taken by a board of directors may be taken without a meeting if each director consents in a record to the action.

    (b)  Consent under subsection (a) of this section may be withdrawn by a director in a record at any time before the limited cooperative association receives consent from all directors.

    (c)  A record of consent for any action under subsection (a) of this section may specify the effective date or time of the action.

Added by Laws 2009, c. 68, § 77, eff. Jan. 1, 2010.