Quorum and Action definition

Quorum and Action. Unless provided otherwise by law or by the Certificate of Incorporation or these by-laws, a majority of the Directors shall constitute a quorum for the transaction of business; but if there shall be less than a quorum at any meeting of the Board, a majority of those present may adjourn the meeting from time to time. The vote of a majority of the Directors present at any meeting at which a quorum is present shall be necessary to constitute the act of the Board of Directors.
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Examples of Quorum and Action in a sentence

  • Quorum and Action by the Board................................14 Section 2.05.

  • Small Accounts 4 Section 4.5. Voting by Shareholders 4 Section 4.6. Meetings 4 Section 4.7. Quorum and Action 4 Section 4.8. Action by Written Consent in Lieu of Meeting of Shareholders 5 Section 4.9. Series and Classes of Shares 5 Section 4.10.

  • Section 7.1 Management by Board of Directors 12 Section 7.2 Number; Qualification; Tenure 13 Section 7.3 Regular Meetings 13 Section 7.4 Special Meetings 13 Section 7.5 Notice 13 Section 7.6 Action by Consent of Board 14 Section 7.7 Conference Telephone Meetings 14 Section 7.8 Quorum and Action 14 Section 7.9 Vacancies; Increases in the Number of Directors 14 Section 7.10 Committees 14 Section 7.11 Removal.

  • SHAREHOLDERS Shares of Beneficial Interest Issuance of Shares Rights of Shareholders 4 Ownership and Transfer of Shares; Small Accounts Voting by Shareholders Meetings Quorum and Action 5 Action by Written Consent in Lieu of Meeting of Shareholders Section 4.9. Series and Classes of Shares.

  • Quorum and Action at Meetings..........................................................5 Section 9.