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This entry was published on 2014-09-22
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Quorum of shareholders
Business Corporation (BSC) CHAPTER 4, ARTICLE 6
§ 608. Quorum of shareholders.

(a) The holders of a majority of the votes of shares entitled to vote
thereat shall constitute a quorum at a meeting of shareholders for the
transaction of any business, provided that when a specified item of
business is required to be voted on by a particular class or series of
shares, voting as a class, the holders of a majority of the votes of
shares of such class or series shall constitute a quorum for the
transaction of such specified item of business.

(b) The certificate of incorporation or by-laws may provide for any
lesser quorum not less than one-third of the votes of shares entitled to
vote, and the certificate of incorporation may, under section 616
(Greater requirement as to quorum and vote of shareholders), provide for
a greater quorum.

(c) When a quorum is once present to organize a meeting, it is not
broken by the subsequent withdrawal of any shareholders.

(d) The shareholders present may adjourn the meeting despite the
absence of a quorum.