Action without meeting

7-58-812. Action without meeting. (1) Unless prohibited by the articles or bylaws, 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. (2) Consent under subsection (1) of this section may be withdrawn by a director in a record at any time before the limited cooperative association receives consent from all directors. (3) A record of consent for any action under subsection (1) of this section may specify the effective date or time of the action. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 794, � 1, effective April 2, 2012.