03. Action by trustees. On any matter that is to be acted on by trustees, the following rules apply: (1) The trustees shall act by majority of the trustees. (2) The trustees may act without a meeting, without previous notice, and without a vote, if the minimum number of trustees necessary to authorize or take the action at a meeting at which all trustees entitled to vote thereon were present and voted consent in a signed record. However, prompt notice of the action shall be given to those trustees that did not consent. (3) A trustee may vote in person or by proxy, but, if by proxy, the proxy shall be in a signed record. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.) Editor's Notes Uniform Law: This section is based on § 503 of the Uniform Statutory Trust Entity Act.
District of Columbia Legal Code