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Georgia State Code
Title      14
Chapter       3  
Section Navigation   101 ... 127       128 ... 202   
 202.1 ... 304       305 ... 601   
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Section<<< 702 703 704 705 706 707 708 720 721 722 >>>  
Title 14, Chapter 3, Section 704 (14-3-704)

(a) Unless limited or prohibited by the articles or bylaws, or unless this chapter requires a greater number of affirmative votes, action required or permitted by this chapter to be approved by the members may be approved without a meeting of members if the action is approved by members holding at least a majority of the voting power. The action must be evidenced by one or more written consents describing the action taken, signed by those members representing at least a majority of the voting power, and delivered to the corporation for inclusion in the minutes or filing with the corporate records.

(b) If not otherwise determined under Code Section 14-3-703 or Code Section 14-3-707, the record date for determining members entitled to take action without a meeting is the date the first member signs the consent.

(c) A consent signed under this Code section has the effect of a meeting vote and may be described as such in any document.

(d) Written notice of member approval pursuant to this Code section shall be given to all members who have not signed the written consent. If written notice is required, member approval pursuant to this Code section shall be effective ten days after such written notice is given.

Sunday September 7 22:31 CDT


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