Consent to action without meeting

Any action which may be taken at a member meeting of a cooperative, may be taken without a meeting if a writing setting forth and approving the action taken shall be signed by a majority of the 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.