Special Meetings; Quorum

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Sec. 11. (a) A special meeting of the members of the association may be called at any time by:

(1) a majority of the board of directors; or

(2) five (5) members of the association.

(b) A majority of the members constitute a quorum to transact ordinary business not required by law to be transacted at the regular meeting prescribed by law.

[Pre-2008 Recodification Citation: 15-3-7-11.]

As added by P.L.2-2008, SEC.7.


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