§ 815. Quorum
(a) Unless the articles of organization provide for a greater number, a majority of the total number of directors specified by the organic rules constitutes a quorum for a meeting of the directors.
(b) If a quorum of the board of directors is present at the beginning of a meeting, any action taken by the directors present is valid even if withdrawal of directors originally present results in the number of directors being fewer than the number required for a quorum.
(c) A director present at a meeting but objecting to notice under subdivision 814(b)(1) or (2) of this title does not count toward a quorum. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
Structure Vermont Statutes
Title 11C - Mutual Benefit Enterprises
Chapter 8 - Directors and Officers
§ 802. No liability as director for mutual benefit enterprise’s obligations
§ 803. Qualifications of directors
§ 804. Election of directors and composition of board
§ 806. Resignation of director
§ 808. Suspension of director by board
§ 810. Remuneration of directors
§ 814. Waiver of notice of meeting
§ 818. Standards of conduct and liability
§ 820. Other considerations of directors
§ 821. Right of director or committee member to information