§ 3010. Members necessary for quorum
Unless the bylaws prescribe the presence of a greater percentage or greater number of members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative having not more than 1,000 members, shall be 10 percent of all members, and of a cooperative having more than 1,000 members, shall be 100 members. For the purpose of determining the presence of a quorum under this section, all members shall be counted who are either present in person or who vote on business transacted at the meeting in a manner allowed under section 3011 of this title. If less than a quorum is present at a meeting, a majority of those present in person may adjourn the meeting from time to time without further notice but no business may validly be enacted at any meeting without the presence of a quorum. (Amended 1999, No. 143 (Adj. Sess.), § 9.)
Structure Vermont Statutes
Chapter 81 - Electric Cooperatives
§ 3002a. Obligations treated as expenses
§ 3005. Articles of incorporation, contents
§ 3007. Members, qualifications
§ 3010. Members necessary for quorum
§ 3013. Directors, qualifications
§ 3014. Election and term of office
§ 3023. Transfer of rights and liabilities
§ 3024. Responsibilities for liabilities transferred
§ 3025. Creditors’ rights not impaired by merger
§ 3026. Private corporation, change
§ 3027. Dissolution—Cooperative not commencing business
§ 3028. Dissolution of cooperatives
§ 3031. Mortgage and investment
§ 3032. Sale or lease of assets
§ 3036. Acknowledgments, members authorized
§ 3037. Foreign companies, service of process
§ 3043. Formation of cooperatives by cooperatives
§ 3044. Approval by members of cooperative