(a) Unless prohibited by the articles or bylaws of the corporation, the board of a corporation or a committee designated by the board can validly conduct a meeting by communicating simultaneously with each other by means of conference telephones or similar communications equipment.
(b) Unless prohibited by the articles or bylaws of the corporation, action required or permitted to be taken by the board or a committee designated by the board may be taken without a meeting on written consents, identical in content, setting out the action taken and signed by all the members of the board or the committee. The written consents shall be filed with the minutes. The consents have the same effect as a unanimous vote.
Section: Previous 10.06.455 10.06.458 10.06.460 10.06.463 10.06.465 10.06.468 10.06.470 10.06.473 10.06.475 10.06.478 10.06.480 10.06.483 10.06.485 10.06.490 NextLast modified: November 15, 2016