State Codes and Statutes
Statutes > Minnesota > 300-319B > 302A > 302A_443302A.443 QUORUM.
The holders of a majority of the voting power of the shares entitled to vote at a meeting are a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in the articles or bylaws. If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment, even though the withdrawal of a number of shareholders originally present leaves less than the proportion or number otherwise required for a quorum.
History:
1981 c 270 s 70; 1982 c 497 s 42
