A director of an electric membership corporation who is present at a meeting of the electric membership corporation's board of directors at which action on any corporate matter is taken shall be presumed to have assented to the action unless:
(1) He votes against such action if a vote is taken; and
(2) His dissent is entered in the minutes of the meeting, or he files his written dissent to such action with the person acting as secretary of the meeting before the adjournment thereof, or he forwards such dissent by registered or certified mail or statutory overnight delivery to the secretary of the electric membership corporation within 48 hours after the adjournment of the meeting.
Section: Previous 46-3-293 46-3-294 46-3-295 46-3-296 46-3-297 46-3-298 46-3-299 46-3-300 46-3-301 46-3-302 46-3-303 46-3-303.1 46-3-304 46-3-305 46-3-306 NextLast modified: October 14, 2016