47-22-27. Procedure in absence of members entitled to vote--Adoption of restatement by board of directors.
40 words·~1 min read·
/sd/title-47/chapter-47-22/47-22-27A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If there are no members, or no members entitled to vote thereon, the proposed restated articles shall be adopted at a meeting of the board of directors upon receiving the affirmative vote of a majority of the directors in office.