Colorado Statutes

§ 7-58-812 — Action without meeting

Colorado·Title 07 Corporations·Art. Uniform Limited Cooperative Association Act
(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(2)Consent under subsection (1) of this section may be withdrawn by a director in a record at any time before the limited cooperative association receives consent from all directors.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.

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Legislative History

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 794, � 1, effective April 2, 2012.

Nearby Sections

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