1. (a) Except to the extent that the articles of incorporation or bylaws require that action by the board of directors be taken at a meeting, action required or permitted by this article to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by all members of the board. The action must be:

   1. (1) evidenced by one (1) or more written consents describing the action taken;
   2. (2) signed by each director;
   3. (3) included in the minutes or filed with the corporate records reflecting the action taken; and
   4. (4) delivered to the secretary.

2. (b) Action taken under this section is effective when the last director signs the consent, unless:

   1. (1) the consent specifies a different prior or subsequent effective date, in which case the consent is effective on that date; or

   2. (2) no effective date contemplated by subdivision (1) is designated and the action taken under this section is taken electronically as contemplated by IC 26-2-8 . If action is taken as contemplated by IC 26-2-8 , the effective date is determined in accordance with IC 26-2-8 .

      A director's consent may be withdrawn by a revocation signed by the director and delivered to the corporation before the delivery to the corporation of unrevoked written consents signed by all the directors.

3. (c) A consent signed under this section has the effect of a meeting vote and may be described as such in any document.
4. (d) Action taken without a meeting is an organic action (as defined in IC 26-2-8-102 (15)).

As added by P.L.149-1986, SEC.18. Amended by P.L.133-2009, SEC.26.