47-17-13. Action without meeting of directors--Written consent. Any action which may be taken at a meeting of the directors or executive committee of a cooperative may be taken without a meeting if a writing setting forth and approving the action taken shall be signed by all of the directors or executive committee members entitled to vote on such action. In such cases, such consent shall have the same force and effect as if a meeting had been held.
Source: SDC 1939, § 11.1126 as enacted by SL 1965, ch 23, § 1.
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