§414D-111 - Quorum requirements.
[§414D-111] Quorum requirements. (a) Unless this chapter, the articles, or the bylaws provide for a higher or lowerquorum, ten per cent of the votes entitled to be cast on a matter shall berepresented at a meeting of members to constitute a quorum on that matter.
(b) A bylaws amendment to decrease the quorumfor any member action may be approved by the members or, unless prohibited bythe bylaws, by the board.
(c) A bylaws amendment to increase the quorumrequired for any member action shall be approved by the members.
(d) Unless one-third or more of the votingpower is present in person or by proxy, the only matters that may be voted uponat an annual or regular meeting of members are those matters that are describedin the meeting notice. [L 2001, c 105, pt of §1]