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This entry was published on 2014-09-22
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Quorum of members
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 4
§ 404. Quorum of members. (a) Except as provided in the operating
agreement, a majority in interest of the members entitled to vote shall
constitute a quorum at a meeting of members for the transaction of any
business, provided that when a specified item of business is required to
be voted on by a class of members voting as a class, a majority in
interest of the members of such class shall constitute a quorum for the
transaction of such specified item of business.

(b) The operating agreement may provide for a greater quorum or a
lesser quorum, provided that such lesser quorum shall not be less than
one-third in interest of the members entitled to vote.

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

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