Section 108. When notice or lapse of time unnecessary; notices dispensed with when delivery is prohibited  


Latest version.
  • (a)  Whenever, under this chapter or the certificate of  incorporation
      or  by-laws  of  any  corporation  or  by  the terms of any agreement or
      instrument, a corporation or the  board  or  any  committee  thereof  is
      authorized  to  take any action after notice to any person or persons or
      after the lapse of a prescribed period of time, such action may be taken
      without notice and without the lapse of such period of time, if  at  any
      time  before  or  after  such  action is completed the person or persons
      entitled to such notice or entitled to participate in the action  to  be
      taken  or,  in  the  case of a member, by his attorney-in-fact, submit a
      signed waiver of notice of such requirements.
        (b)  Whenever any notice or communication is required to be  given  to
      any person by this chapter, the certificate of incorporation or by-laws,
      or  by  the  terms  of  any  agreement  or instrument, or as a condition
      precedent to taking any corporate action  and  communication  with  such
      person is then unlawful under any statute of this state or of the United
      States  or  any  regulation,  proclamation  or  order  issued under said
      statutes, then the giving of such notice or communication to such person
      shall not be required and there shall be no duty to apply for license or
      other permission  to  do  so.    Any  affidavit,  certificate  or  other
      instrument  which is required to be made or filed as proof of the giving
      of any notice or communication required under  this  chapter  shall,  if
      such  notice or communication to any person is dispensed with under this
      paragraph, include a statement that such notice or communication was not
      given  to  any  person  with  whom  communication  is  unlawful.    Such
      affidavit, certificate or other instrument shall be as effective for all
      purposes  as  though  such  notice  or communication had been personally
      given to such person.
        (c)  Whenever any notice or communication is required or permitted  by
      this  chapter  to  be  given  by  mail,  it  shall,  except as otherwise
      expressly provided in this chapter, be mailed to the person to  whom  it
      is  directed  at  the  address designated by him for that purpose or, if
      none is  designated,  at  his  last  known  address.    Such  notice  or
      communication  is given when deposited, with postage thereon prepaid, in
      a post office or  official  depository  under  the  exclusive  care  and
      custody of the United States post office department.  Such mailing shall
      be by first class mail except where otherwise required by this chapter.