2006 Code of Virginia § 13.1-849 - Quorum and voting requirements for voting groups of members

13.1-849. Quorum and voting requirements for voting groups of members.

A. The bylaws may provide the number or percentage of members entitled tovote represented in person or by proxy, or the number or percentage of votesrepresented in person or by proxy, which shall constitute a quorum at ameeting of members. In the absence of any such provision, members holdingone-tenth of the votes entitled to be cast represented in person or by proxyshall constitute a quorum. The vote of a majority of the votes entitled to becast by the members present or represented by proxy at a meeting at which aquorum is present shall be necessary for the adoption of any matter votedupon by the members, unless a greater proportion is required by this chapteror the articles of incorporation. Members entitled to vote as a separatevoting group may take action on a matter at a meeting only if a quorum ofthose members exists with respect to that matter.

B. Once a member is present at a meeting it is deemed present for quorumpurposes for the remainder of the meeting and for adjournment of that meetingunless a new record date is or shall be set for that adjourned meeting.

C. Less than a quorum may adjourn a meeting.

D. The election of directors is governed by 13.1-852.

(Code 1950, 13.1-219; 1956, c. 428; 1985, c. 522.)