272A.5-140 Action without a meeting. (1) 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. (2) Consent under subsection (1) of this section may be withdrawn by a member in a record at any time before the limited cooperative association receives a consent from each member entitled to vote. (3) Consent to any action may specify the effective date or time of the action. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 43, effective July 12, 2012.
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