Bookmark and Share    Report a Broken Link
Loss of Quorum
A meeting at which a quorum is initially present may continue to conduct business notwithstanding the withdrawal of directors provided that any action taken is approved by at least a majority of the required quorum for the meeting.

For example, 3 of 5 directors attend a meeting thereby achieving quorum. One of the directors subsequently leaves the meeting causing a loss of quorum. The remaining 2 directors may continue conducting business provided both directors approve each item of business. Corp. Code §7211(a)8.

Adams Kessler PLC

StatutesCase LawLegislation
ABCDEFGHI
JKLMNOPQR
STUVWXYZ