South Dakota Code § 47-14A-29

Action by trustees--Notice and meeting not necessary if consent exists--Proxy
Open in Lexace · Ask the AI about this section
Unless otherwise provided in the governing instrument of a business trust, on any matter that is to be voted on by the trustees:
(1) The trustees may take such action without a meeting, without a prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, shall be signed by the trustees having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all trustees entitled to vote thereon were present and voted; and
(2) The trustee may vote in person or by proxy.

‹ Prev All South Dakota sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.