47-16-9. 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.