2006 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 308B Cooperative Associations Act
Section 308B.431 QUORUM.
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.
History: 2003 c 105 art 1 s 28
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