16-16-812 - Action without meeting.
16-16-812. Action without meeting.
(1) Unless prohibited by the organic rules, any action that may be taken by a board ofdirectors may be taken without a meeting if each director consents in a record to the action.
(2) Consent under Subsection (1) may be withdrawn by a director in a record at any timebefore the limited cooperative association receives consent from all directors.
(3) A record of consent for any action under Subsection (1) may specify the effectivedate or time of the action.
(1) Unless prohibited by the organic rules, any action that may be taken by a board ofdirectors may be taken without a meeting if each director consents in a record to the action.
(2) Consent under Subsection (1) may be withdrawn by a director in a record at any timebefore the limited cooperative association receives consent from all directors.
(3) A record of consent for any action under Subsection (1) may specify the effectivedate or time of the action.
Enacted by Chapter 363, 2008 General Session