§ 308B.431 Quorum
Statute text
Extracted from the Revisor of Statutes; first captured here October 15, 2026. Formatting and whitespace are normalized. Extraction can contain errors; the linked official text controls.
A majority, or a larger or smaller portion 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 of number otherwise required for a quorum.
History: 2003 c 105 art 1 s 28
Notes & interpretation Not part of the law
Verified against sources: October 15, 2026Last edited: October 15, 2026
In plain language#
The board quorum is "a majority, or a larger or smaller portion or number provided in the articles or bylaws, of the directors currently holding office." P1, § 308B.431 Three rules:
How it works in practice#
Related#
Sources
board-of-directorsquorumgovernance