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

  • Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the directors need be specified in any written waiver of notice.- Quorum and Action.

  • Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the directors need be specified in any written waiver of notice.· Quorum and Action.

  • Quorum and Action Twenty-five percent (25%) of the total membership will constitute a quorum at any meeting, whether at a location or by teleconference or webinar.

  • Dean's Report - Stephen Green Our first satellite location in Westhills Langford had a successful first year, growing from 77 to over 140 students.

  • Quorum and Action Three members of the Board shall constitute a quorum sufficient to transact business.

  • Current Section 11 (Quorum and Action by the Board) provides certain requirements related to quorum and action by the Board.

  • Quorum and Action by Members.--(a) A meeting of the members duly called shall not be organized for the transaction of business unless a quorum is present.

  • 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.

  • 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.

  • Such appointments shall be undertaken in accordance with Section 5.11 above (pertaining to Quorum and Action).

Related to Quorum and Action

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Interested Director means a director or trustee of an investment company who is an interested person within the meaning of Section 2(a)(19) of the Act. A “Disinterested Director” is a director who is not an interested person under Section 2(a)(19) of the Act.

  • Affirmative Action Plan means the Affirmative Action Plan for school and classroom practices adopted by the Board.

  • Affirmative action means action appropriate to overcome the effects of past or present practices, policies, or other barriers to equal employment opportunity.

  • Non-interested director means a director who is not an “interested director” of a fund and who is not employed by, or has a material business or professional relationship with, the fund or the fund’s investment adviser or underwriter. See Section 2(a)(19) of the Investment Company Act of 1940 for more information.

  • Action shall have the meaning ascribed to such term in Section 3.1(j).

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Adverse Recommendation Change has the meaning set forth in Section 6.02(d).

  • Resolution of Directors means either:

  • Unanimous Consent means the consent of Lenders (other than Delinquent Lenders) holding 100% of the Commitments (other than Commitments held by a Delinquent Lender).

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • unanimous shareholder agreement means either: (i) a lawful written agreement among all the shareholders of the Corporation, or among all the shareholders and one or more persons who are not shareholders; or (ii) a written declaration of the registered owner of all of the issued shares of the Corporation; in each case, that restricts, in whole or in part, the powers of the directors to manage, or supervise the management of the business and affairs of the Corporation, as from time to time amended.

  • Governance Rights means all of a Member's rights as a member of the LLC other than Financial Rights.

  • the decisions means the decisions of the CMA on the questions which it is required to answer by virtue of section 35 of the Act;

  • Appointed Director means a person appointed in accordance with these bylaws as an appointed director or appointed as a replacement director for an appointed director;

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Certificate of Incorporation means the Company’s Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time.

  • Delaware Law means the General Corporation Law of the State of Delaware.

  • Inactive voter means a registered voter who has:

  • TBCA means the Texas Business Corporation Act.

  • Company Board Recommendation has the meaning set forth in Section 3.03(d).

  • Register of Directors and Officers means the Register of Directors and Officers referred to in these Bye-laws;

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • unanimous resolution means, subject to subsection (3), a resolution-