Procedure in absence of members entitled to vote--Adoption of amendment by board of directors.

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47-22-17. Procedure in absence of members entitled to vote--Adoption of amendment by board of directors.

Where there are no members, or no members entitled to vote on an amendment to the articles of incorporation, an amendment shall be adopted at a meeting of the board of directors upon receiving the vote of a majority of the directors in office.

Source: SL 1965, ch 24, §36 (2).


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