§ 516.
113 words·~1 min read·
/vt/516A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 516. Action without a meeting
(a)Unless the organic rules require that action be taken only at a members’ meeting, any action that may be taken by the members may be taken without a meeting if each member entitled to vote on the action consents in a record to the action.
(b)Consent under subsection
(a)of this section may be withdrawn by a member in a record at any time before the mutual benefit enterprise receives a consent from each member entitled to vote.
(c)Consent to any action may specify the effective date or time of the action. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)