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



(b)  Trustees representing the public employers
shall collectively have one vote.  Trustees representing the
employee-beneficiaries shall collectively have one vote.



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



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



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



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