Quorum

7-58-815. Quorum. (1) Unless the articles or bylaws provide for a greater number, a majority of the total number of directors specified by the articles or bylaws constitutes a quorum for a meeting of the directors. (2) If a quorum of the board of directors is present at the beginning of a meeting, any action taken by the directors present is valid even if withdrawal of directors originally present results in the number of directors being fewer than the number required for a quorum. (3) A director present at a meeting but objecting to notice under section 7-58-814 (2) does not count toward a quorum. Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 795, � 1, effective April 2, 2012.