Quorum; Vote Required for Action. Except as otherwise provided by law or by the Certificate of Incorporation or these Bylaws, the presence in person or by proxy of the holders of a majority of the outstanding shares of stock of the Corporation entitled to vote thereat shall constitute a quorum at each meeting of the stockholders and all questions shall be decided by a vote of the holders of a majority of the shares so represented in person or by proxy at the meeting and entitled to vote thereat. The stockholders present at any duly organized meeting may continue to do business until adjournment, notwithstanding the withdrawal of enough stockholders to leave less than a quorum.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Transcommunity Financial Corp), Agreement and Plan of Merger (Community Bankers Acquisition Corp.), Agreement and Plan of Merger (Community Bankers Acquisition Corp.)
