KRS 272A.8-120: Board action without meeting.

(1) Unless prohibited by the organic rules, any action that may be taken by a board of

directors may be taken without a meeting if each director consents in a record to the

action.

(2) Consent under subsection (1) of this section may be withdrawn by a director in a

record at any time before the limited cooperative association receives consent from

all directors.

(3) A record of consent for any action under subsection (1) of this section may specify

the effective date or time of the action.