47-23-20. Quorum of directors--Provisions of articles or bylaws as governing.
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/sd/title-47/chapter-47-23/47-23-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A majority of the number of directors fixed by the bylaws, or in the absence of a bylaw fixing the number of directors, then of the number stated in the articles of incorporation, shall constitute a quorum for the transaction of business, unless otherwise provided in the articles of incorporation or the bylaws; but in no event shall a quorum consist of less than one - third of the number of directors so fixed or stated. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors, unless the act of a greater number is required by chapters 47-22 to 47-28 , inclusive, the articles of incorporation or the bylaws.