76-10-710 - Presumption of director's concurrence in action if present at meeting -- Written dissent required.
76-10-710. Presumption of director's concurrence in action if present at meeting --Written dissent required.
Every director of a corporation or joint stock association who is present at a meeting ofthe directors at which any act, proceeding, or omission of the directors in violation of this partoccurs is deemed to have concurred therein, unless he at the time causes, or in writing requires,his dissent therefrom to be entered in the minutes of the directors or forwards his dissent byregistered mail to the secretary of the corporation immediately after the adjournment of themeeting.
Enacted by Chapter 196, 1973 General Session