2003 Minnesota Statutes

     322B.353 Quorum. 

    The owners of a majority of the voting power of the 
 membership interests entitled to vote at a meeting are a quorum 
 for the transaction of business, unless a larger or smaller 
 proportion is provided in the articles, a member control 
 agreement, or bylaws.  If a quorum is present when a duly called 
 or held meeting is convened, the members present may continue to 
 transact business until adjournment, even though the withdrawal 
 of members originally present leaves less than the proportion 
 otherwise required for a quorum.  

    HIST: 1992 c 517 art 2 s 41; 1999 c 85 art 2 s 31,96