N.Y. LLC Law § 404
This is the official text of N.Y. LLC Law § 404, part of New York’s LLC Law — part of the compiled statutory law of New York, published by the state as "LLC Law." Browse the sections below, each linked to its official government source.
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Quorum of members
Official statutory text
§ 404. Quorum of members. (a) Except as provided in the operating\nagreement, a majority in interest of the members entitled to vote shall\nconstitute a quorum at a meeting of members for the transaction of any\nbusiness, provided that when a specified item of business is required to\nbe voted on by a class of members voting as a class, a majority in\ninterest of the members of such class shall constitute a quorum for the\ntransaction of such specified item of business.\n (b) The operating agreement may provide for a greater quorum or a\nlesser quorum, provided that such lesser quorum shall not be less than\none-third in interest of the members entitled to vote.\n (c) When a quorum is once present to organize a meeting, it is not\nbroken by the subsequent withdrawal of any members.\n (d) The members present may adjourn the meeting despite the absence of\na quorum.\n
Status: in_force · Read it on the official government site
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