Quorum for board meetings is one-third of total strength or two directors, with remote participation counting toward quorum. Quorum for board meetings is one-third of total strength or two directors, whichever is higher, with remote participation by video or audio-visual means counting toward quorum; 'total strength' excludes vacancies and fractions round up. Continuing directors may act despite vacancies but, if reduced below quorum, may act only to increase numbers or to call a general meeting. If interested directors constitute two-thirds or more, the quorum is the non-interested directors present, not less than two. A meeting lacking quorum automatically adjourns to the same day and time next week (or next non-holiday), unless the articles provide otherwise.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Quorum for board meetings is one-third of total strength or two directors, with remote participation counting toward quorum.
Quorum for board meetings is one-third of total strength or two directors, whichever is higher, with remote participation by video or audio-visual means counting toward quorum; "total strength" excludes vacancies and fractions round up. Continuing directors may act despite vacancies but, if reduced below quorum, may act only to increase numbers or to call a general meeting. If interested directors constitute two-thirds or more, the quorum is the non-interested directors present, not less than two. A meeting lacking quorum automatically adjourns to the same day and time next week (or next non-holiday), unless the articles provide otherwise.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.