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2020 Nebraska Revised Statutes
Chapter 70 - Power Districts and Corporations
70-721 Board of directors; quorum; how determined.
Universal Citation: NE Code § 70-721 (2020)
70-721. Board of directors; quorum; how determined.
A majority of the board shall constitute a quorum for the transaction of business, unless a greater number is required by the articles of incorporation or the bylaws. 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, unless the act of a greater number is required by the articles of incorporation or the bylaws. For the purpose of determining a quorum, alternate directors shall be considered in the event of the absence, disability, disqualification, or death of any director.
Source
- Laws 1937, c. 50, § 21, p. 209;
- C.S.Supp.,1941, § 70-821;
- R.S.1943, § 70-721;
- Laws 1974, LB 833, § 3.
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