Section 10-19.1-75.1 - Shareholder action by ballot1. Except as provided in subsection 5 and unless prohibited or limited by the articles or bylaws, an action that may be taken at a regular or special meeting of shareholders may be taken without a meeting if the corporation mails or delivers a ballot to every shareholder entitled to vote on the matter.2. A ballot must set forth each proposed action and provide an opportunity to vote for or against each proposed action.3. Approval by ballot under this section is valid only if:a. The number of votes cast by ballot equals or exceeds the quorum required to be present at a meeting authorizing the action; andb. The number of approvals equals or exceeds the number of votes that would be required to approve the matter at a meeting at which the total number of votes cast was the same as the number of votes cast by ballot.4. Solicitations for votes by ballot must: a. Indicate the number of responses needed to meet the quorum requirements;b. State the percentage of approvals necessary to approve each matter other than election of directors; andc. Specify the time by which a ballot must be received by the corporation in order to be counted.5. Except as otherwise provided in the articles or bylaws, a ballot may not be revoked.6. With respect to a ballot by electronic communication:a. A corporation may deliver a ballot by electronic communication only if the corporation complies with subsection 4 of section 10-19.1-75.2 as if the ballot were a notice.b. Consent by a shareholder to receive notice by electronic communication in a certain manner constitutes consent to receive a ballot by electronic communication in the same manner.