1-16B-9. Quorum of board--Action by majority present.
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/sd/title-1/chapter-1-16/1-16b-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A majority of the members constitutes a quorum of the board of directors for the purpose of organizing the authority and conducting business. Except when passing upon loan applications, any action may be taken by a vote of a majority of the members present, unless the rules of the board require a larger number.