(2) A written ballot must:
(a) Set forth each proposed action; and
(b) Provide an opportunity to vote for or against each proposed action.
(3)(a) Approval by written ballot pursuant to this section is valid only when:
(A) The number of votes cast by ballot equals or exceeds any quorum required to be present at a meeting authorizing the action; and
(B) The number of approvals equals or exceeds the number of votes that would be required to approve the matter at a meeting at which the total number of votes cast was the same as the number of votes cast by ballot.
(b) For the purposes of this subsection, the number of votes cast by ballot constitutes a quorum if the number of members who attend a meeting constitutes a quorum.
(4) All solicitations for votes by written ballot must:
(a) Indicate the number of responses needed to meet the quorum requirements;
(b) State the percentage of approvals necessary to approve each matter other than election of directors; and
(c) Specify a reasonable time by which a ballot must be received by the corporation in order to be counted.
(5) Except as otherwise provided in the articles of incorporation or bylaws, a written ballot may not be revoked. [1989 c.1010 §59; 2019 c.174 §43]