§ 1007. When notice or lapse of time unnecessary; notices dispensed
with when delivery is prohibited. 1. Whenever, under this article or the
organization certificate 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 stockholder, by his
attorney-in-fact, submit a signed waiver of notice of such requirements.

2. Whenever any notice or communication is required to be given to any
person by this article, the organization certificate 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 a 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 article shall, if such
notice or communication to any person is dispensed with under this
section, 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.