Minn. Stat. § 302A.235

Current through 2023, c. 127
Section 302A.235 - QUORUM

A majority, or a larger or smaller proportion 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 or number otherwise required for a quorum.

Minn. Stat. § 302A.235

1981 c 270 s 39; 1982 c 497 s 70