Quorum requirement: adjourn meeting and permit two present members to constitute a reduced quorum and transact business. If a meeting of creditors or partners lacks a quorum within half an hour of the appointed time, the chairman must adjourn the meeting to a day, time, or place within a short prescribed interval; at the adjourned meeting, if a quorum is still not present, two creditors or two partners present in person constitute a quorum and may transact the convened business.
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 requirement: adjourn meeting and permit two present members to constitute a reduced quorum and transact business.
If a meeting of creditors or partners lacks a quorum within half an hour of the appointed time, the chairman must adjourn the meeting to a day, time, or place within a short prescribed interval; at the adjourned meeting, if a quorum is still not present, two creditors or two partners present in person constitute a quorum and may transact the convened business.
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