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(2) Consent under Subsection (1) may be withdrawn by a director in a record at any timebefore the limited cooperative association receives consent from all directors.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.
Enacted by Chapter 363, 2008 General Session