US Laws, Codes, Statutes & Cases

     308B.431 Quorum. 

    A majority, or a larger or smaller portion or number 
 provided in the articles or bylaws, of the directors currently 
 holding office is a quorum for the transaction of business.  In 
 the absence of a quorum, a majority of the directors present may 
 adjourn a meeting from time to time until a quorum is present.  
 If a quorum is present when a duly called or held meeting is 
 convened, the directors present may continue to transact 
 business until adjournment, even though the withdrawal of a 
 number of directors originally present leaves less than the 
 proportion of number otherwise required for a quorum.  

    HIST: 2003 c 105 art 1 s 28 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.