Quorum of qualified directors.

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47-1A-862.2. Quorum of qualified directors.

A majority, but no fewer than one, of all the qualified directors on the board of directors, or on the committee, constitutes a quorum for purposes of action that complies with §§47-1A-862 and 47-1A-862.1. Directors' action that otherwise complies with §§47-1A-862 and 47-1A-862.1 is not affected by the presence or vote of a director who is not a qualified director.

Source: SL 2005, ch 239, §188; SL 2019, ch 196, §2.


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