11C V.S.A. § 812: Action without meeting

(a) 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.

(b) Consent under subsection (a) of this section may be withdrawn by a director in a record at any time before the mutual benefit enterprise receives consent from all directors.

(c) A record of consent for any action under subsection (a) of this section may specify the effective date or time of the action.