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Code · New Jersey · Title 48 — Partnerships · Chapter 24

48:24-14 Quorum.

98 words·~1 min read·/nj/title-48/chapter-24/48-24-14

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14. If the total number of members of a rural electric cooperative shall exceed 1,000, then at least 100 of the members present in person shall constitute a quorum for the transaction of business at all meetings of members. In the case of a joint membership, the presence at a meeting of either joint member or both shall be regarded as the presence of one member. If less than a quorum is present at any meeting, a majority of those members present in person may adjourn the meeting from time to time without further notice.
L.2017, c.297, s.14.
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