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322B.65 Quorum.

A majority, or a larger or smaller proportion or number provided in the articles of organization or operating agreement, of the governors currently holding office is a quorum for the transaction of business. In the absence of a quorum, a majority of the governors 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 governors present may continue to transact business until adjournment, even though the withdrawal of a number of governors originally present leaves less than the proportion or number otherwise required for a quorum.

HIST: 1992 c 517 art 2 s 78

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Revisor of Statutes