[§87A-11]  Quorum; board actions; voting. (a)  Six trustees, three of whom represent the public employer and three ofwhom represent employee-beneficiaries, shall constitute a quorum for thetransaction of business.

(b)  Trustees representing the public employersshall collectively have one vote.  Trustees representing theemployee-beneficiaries shall collectively have one vote.

For any vote of the trustees representing thepublic employers to be valid, three of these trustees must concur to cast sucha vote.  In the absence of such concurrence, the trustees representing thepublic employers shall be deemed to have abstained from voting.

For any vote of the trustees representing theemployee-beneficiaries to be valid, three of these trustees must concur to castsuch a vote.  In the absence of such concurrence, the trustees representing theemployee-beneficiaries shall be deemed to have abstained from voting.

An abstention shall not be counted as either avote in favor or against a matter before the board.

(c)  Any action taken by the board shall be bythe concurrence of at least two votes.  In the event of a tie vote on anymotion, the motion shall fail.  Upon the concurrence of six trustees, the boardshall participate in dispute resolution. [L 2001, c 88, pt of §1]