Section 10.20.695. Action by members or directors without a meeting.

   (a) Action required by this chapter to be taken at a meeting of the members or directors of a corporation, or action that may be taken at a meeting of the members or directors, may be taken without a meeting if a consent in writing, setting out the action so taken, shall be signed by all of the members entitled to vote with respect to the subject matter or all of the directors.
   (b) The consent has the same effect as a unanimous vote, and may be stated as such in articles or documents filed with the commissioner.

Notes

History

(Sec. 1 ch 99 SLA 1968)