Legislation
SECTION 707
Quorum of directors
Business Corporation (BSC) CHAPTER 4, ARTICLE 7
§ 707. Quorum of directors.
Unless a greater proportion is required by the certificate of
incorporation, a majority of the entire board shall constitute a quorum
for the transaction of business or of any specified item of business,
except that the certificate of incorporation or the by-laws may fix the
quorum at less than a majority of the entire board but not less than
one-third thereof.
Unless a greater proportion is required by the certificate of
incorporation, a majority of the entire board shall constitute a quorum
for the transaction of business or of any specified item of business,
except that the certificate of incorporation or the by-laws may fix the
quorum at less than a majority of the entire board but not less than
one-third thereof.