16-16-516 - Action without a meeting.
16-16-516. Action without a meeting.
(1) Unless the organic rules require that action be taken only at a members meeting, anyaction that may be taken by the members may be taken without a meeting if each memberentitled to vote on the action consents in a record to the action.
(2) Consent under Subsection (1) may be withdrawn by a member in a record at any timebefore the limited cooperative association receives a consent from each member entitled to vote.
(3) Consent to any action may specify the effective date or time of the action.
(1) Unless the organic rules require that action be taken only at a members meeting, anyaction that may be taken by the members may be taken without a meeting if each memberentitled to vote on the action consents in a record to the action.
(2) Consent under Subsection (1) may be withdrawn by a member in a record at any timebefore the limited cooperative association receives a consent from each member entitled to vote.
(3) Consent to any action may specify the effective date or time of the action.
Enacted by Chapter 363, 2008 General Session