193.541 Actions without a members’ meeting.

215 words·~1 min read·/wi/chapter-193/193-541-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Generally.

(a)Unless the articles or bylaws provide otherwise, any action required or permitted by this chapter to be authorized at a members’ meeting may be authorized without a meeting if that action is authorized by all members and is evidenced by one or more written statements, signed by each member, describing and consenting to the action. Such an action has the same effect as an action authorized by unanimous vote at a members’ meeting at which all members are present and may be described as such in any document.

(b)The articles or bylaws may allow the members to authorize any other action on behalf of the cooperative, other than an action requiring board approval, without a members’ meeting, if the action is authorized by the number of members that would be required to approve the action at a members’ meeting at which all members were present and if the action is evidenced by one or more written statements, signed by each authorizing member, describing and consenting to the action. Such an action has the same effect as an action authorized by vote of the number of authorizing members at a meeting at which all members are present and may be described as such in any document.