Quorum; Vote Required for Action. (a) Subject to the provisions of Article X, at all meetings of the Board of Directors, a majority of the whole Board of Directors shall constitute a quorum for the transaction of business. Unless the Certificate of Incorporation or these Bylaws otherwise provide, the vote of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. A meeting at which a quorum is initially present may continue to transact business notwithstanding the withdrawal of Directors, if any action taken is approved by at least a majority of the required quorum for that meeting.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Cbot Holdings Inc), Agreement and Plan of Merger (Cme Group Inc.), Agreement and Plan of Merger (Chicago Mercantile Exchange Holdings Inc)
