The Bylaws of Silver Shekel Owners Association provide for the approval of actions by the Board without a formal meeting:
Section 11. Informal Action by Directors.
(1) Any action required or allowed to be taken at a meeting of the Directors may be taken without a meeting if notice is transmitted in writing to each member personally, by electronic mail, or by depositing the same properly addressed to each Director's last known address with postage prepaid in a postal mail box giving the date, time and place of such meeting of the board and each member of the board by the time stated in the notice:
(a) Votes in writing or by electronic mail for such action; or
(b) (i) Votes in writing or by electronic mail against such action, abstains in writing or
electronic mail from voting, or fails to respond or vote; and
(ii) Fails to demand in writing or by electronic mail that action not be taken without a
meeting.
(2) The notice required by subsection (1) of this section shall state:
(a) The action to be taken.
(b) The time by which a director must respond;
(c) That failure to respond by the time stated in the notice will have the same effect as abstaining in writing or by electronic mail by the time stated in the notice and failing to demand in writing or electronic mail by the time stated in the notice that action not be taken without a meeting.
(3) Action is taken under this section only if, at the end of the time stated in the notice transmitted pursuant to subsection (1) of this section:
(a) The affirmative votes in writing or by electronic mail for such action received by the Association equal or exceed the minimum number of votes that would be necessary to take such action at a meeting at which all of the directors then in office were present and voted; and
(b) The Association has not received a written or electronic demand by a director that such action not be taken without a meeting.
(4) A director's right to demand that action not be taken without a meeting shall be deemed to have been waived unless the Association receives such demand from the director in writing or by electronic mail by the time stated in the notice transmitted pursuant to subsection (1) of this section.
Below are the actions taken under these Bylaws: