Form with which the stockholders of a corporation record the contents of their first meeting.
Meeting Minutes Corporate Without Quorum In Broward
State:
Multi-State
County:
Broward
Control #:
US-0010-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
No quorum means no business can be conducted (no motions can be passed!) Reading of minutes may be waived (thank goodness!!)
If no quorum is present, the meeting can still be conducted however, the business will need to be held over until later when a quorum is present. Without a quorum, no business can be conducted.
Quorum requirements should be specified in the organization's bylaws. Without a quorum, any votes taken and any decisions made in a meeting are invalid and must be brought up and voted on again with the appropriate number of board members present.
If the quorum is not present within half an hour of the time set for the meeting to begin, then the following options will be applicable: The meeting will be adjourned, and it shall be held on the same day and at the same time next week, or any other date and time as the Board may determine.