Common use of Action by Consent of Stockholders Clause in Contracts

Action by Consent of Stockholders. Unless prohibited by law ------------ --------------------------------- or the rules and regulations of any national securities exchange on which securities of the Corporation are listed, action required to be taken or which may be taken at any annual or special meeting of stockholders of the Corporation may be taken without a meeting, and stockholders shall have the power to consent in writing, without a meeting, to the taking of any action.