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2018 Vermont Statutes
Title 11C - Mutual Benefit Enterprises
Chapter 5 - Members
§ 516 Action without a meeting
Universal Citation: 11 V.S.A. § 516
§ 516. Action without a meeting
(a) 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.
(b) Consent under subsection (a) of this section may be withdrawn by a member in a record at any time before the mutual benefit enterprise receives a consent from each member entitled to vote.
(c) Consent to any action may specify the effective date or time of the action. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
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