Quorum definition

Quorum means a majority of the Regular Trustees or, if there are only two Regular Trustees, both of them.

Quorum means a majority of the Administrators or, if there are only two Administrators, both of them.

Quorum means a majority of the Administrative Trustees or, if there are only two Administrative Trustees, both of them.

Examples of Quorum in a sentence

• Holders of at least one-third (1/3) of the Shares entitled to vote in person or by proxy shall constitute a Quorum for the transaction of business at a Shareholders’ meeting, except as may otherwise be required by the 1940 Act, other applicable law, this Declaration of Trust or the By-laws.

• Authorized Persons may be required to successfully complete the onboarding process and training, which may include (i) installing the Anchorage application onto the person’s Acceptable Device; and (ii) training on the Services regarding the creation of Directions or joining a Quorum.

• Subsequent to the approval and on-boarding of initial Authorized Persons, Client or an approved Third Party (pursuant to a Client Service Provider Agreement or Control Agreement) may nominate additional Authorized Persons or revoke an Authorized Person’s status, each through a Direction to be approved by a Quorum.

• Upon completion of Anchorage’s reasonable onboarding process and any training, to Anchorage’s reasonable satisfaction in its sole discretion, the nominated person will be designated by Anchorage as one of Client’s Authorized Persons and their device designated by Anchorage as an Acceptable Device, such that they may create Directions or join a Quorum.

More Definitions of Quorum

Quorum means a majority of the Regular Trustees or, if there are only two Regular Trustees, both such Regular Trustees.

Quorum means any one Regular Trustee or, if there is only one Regular Trustee, such Regular Trustee.

Quorum means the number of individuals required to be in attendance at a meeting in order to constitute a decision-making body. A quorum is a fact at any given moment of time. A quorum must be present in the room for every decision or vote made. If a quorum is not present, the meeting may continue for information purposes only but may not make decisions that bind the Council.

Quorum means a simple majority of the membership of a public body, unless otherwise defined by applicable law.

Quorum means a simple majority of the total membership of a public body.

Quorum means the number of members required to be present at a meeting to validate the transactions of its business.

Quorum means the minimum number of financial members required to be present for a meeting to proceed and make decisions that are Constitutional.