Board of Directors Decisions. The affirmative vote of a majority of the directors present at a meeting at which a quorum is present is the act of the Board of Directors.
Appears in 6 contracts
Samples: Distribution Agreement (LTC Healthcare Inc), Distribution Agreement (LTC Properties Inc), Form of Distribution Agreement (LTC Healthcare Inc)
Board of Directors Decisions. The affirmative vote of a majority of the directors present at a meeting at which a quorum is present is shall be the act of the Board of Directors.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Texoil Inc /Nv/)
