§ 7-6-25 - Quorum of directors. - Rhode-island Statutes

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Statutes > Rhode-island > Title-7 > Chapter-7-6 > 7-6-25

SECTION 7-6-25

§ 7-6-25 Quorum of directors. – (a) A majority of the number of directors fixed by the bylaws, or in theabsence of a bylaw fixing the number of directors, then of the number stated inthe articles of incorporation, constitutes a quorum for the transaction ofbusiness, unless otherwise provided in the articles of incorporation or thebylaws; but in no event does a quorum consist of less than one-quarter ( 1/4)of the number of the directors fixed or stated.

(b) The act of the majority of the directors present at ameeting at which a quorum is present shall be the act of the board ofdirectors, unless the act of a greater number is required by this chapter, thearticles of incorporation or the bylaws.

State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-6 > 7-6-25

SECTION 7-6-25

§ 7-6-25 Quorum of directors. – (a) A majority of the number of directors fixed by the bylaws, or in theabsence of a bylaw fixing the number of directors, then of the number stated inthe articles of incorporation, constitutes a quorum for the transaction ofbusiness, unless otherwise provided in the articles of incorporation or thebylaws; but in no event does a quorum consist of less than one-quarter ( 1/4)of the number of the directors fixed or stated.

(b) The act of the majority of the directors present at ameeting at which a quorum is present shall be the act of the board ofdirectors, unless the act of a greater number is required by this chapter, thearticles of incorporation or the bylaws.

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State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-6 > 7-6-25

SECTION 7-6-25

§ 7-6-25 Quorum of directors. – (a) A majority of the number of directors fixed by the bylaws, or in theabsence of a bylaw fixing the number of directors, then of the number stated inthe articles of incorporation, constitutes a quorum for the transaction ofbusiness, unless otherwise provided in the articles of incorporation or thebylaws; but in no event does a quorum consist of less than one-quarter ( 1/4)of the number of the directors fixed or stated.

(b) The act of the majority of the directors present at ameeting at which a quorum is present shall be the act of the board ofdirectors, unless the act of a greater number is required by this chapter, thearticles of incorporation or the bylaws.