15A:5-9. Quorum of members
120 words·~1 min read·
/nj/title-15a/chapter-5/15a-5-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
a. Unless otherwise provided in the certificate of incorporation, the bylaws, or this act, the members entitled to cast a majority of the votes at a meeting shall constitute a quorum at the meeting. The members present in person or by proxy at a duly organized meeting may continue to do business until adjournment, notwithstanding the withdrawal of enough members to leave less than a quorum. Less than a quorum may adjourn.
b. Whenever any class of members is entitled to vote separately on a specified item, the provisions of this section shall apply in determining the presence of a quorum of that class for the transaction of the specified item.
L.1983, c. 127, s. 15A:5-9, eff. Oct. 1, 1983.