1998 Minnesota Statutes

     322B.35 Action without a meeting. 

    Subdivision 1.    Method.  An action required or 
 permitted to be taken at a meeting of the members may be taken 
 by written action signed by all of the members.  If the articles 
 so provide, any action may be taken by written action signed by 
 the members who own voting power equal to the voting power that 
 would be required to take the same action at a meeting of the 
 members at which all members were present.  

    Subd. 2.    Effective time.  The written action is 
 effective when signed by the required members, unless a 
 different effective time is provided in the written action.  

    Subd. 3.    Notice and liability.  When written action 
 is permitted to be taken by less than all members, all members 
 must be notified immediately of its text and effective date.  
 Failure to provide the notice does not invalidate the written 
 action.  A member who does not sign or consent to the written 
 action has no liability for the action or actions taken by the 
 written action. 

    HIST: 1992 c 517 art 2 s 40