§ 815.
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/vt/815A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 815. Quorum
(a)Unless the articles of organization provide for a greater number, a majority of the total number of directors specified by the organic rules constitutes a quorum for a meeting of the directors.
(b)If a quorum of the board of directors is present at the beginning of a meeting, any action taken by the directors present is valid even if withdrawal of directors originally present results in the number of directors being fewer than the number required for a quorum.
(c)A director present at a meeting but objecting to notice under subdivision 814(b)(1) or
(2)of this title does not count toward a quorum. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)