(1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of director’s meeting may be taken without a meeting if the action is taken by all members of the board. The action shall be evidenced by one (1) or more written consents describing the action taken, signed by each director, and included in the minutes or filed with the corporate records reflecting the action taken.
(2) Action taken under this section shall be effective when the last director signs the consent, unless the consent specifies a different effective date.
(3) A consent signed under this section shall have the effect of a meeting vote and may be described as such in any document.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 79, effective January 1, 1989.