N.Y. NPC Law § 707
This is the official text of N.Y. NPC Law § 707, part of New York’s NPC Law — part of the compiled statutory law of New York, published by the state as "NPC Law." Browse the sections below, each linked to its official government source.
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Quorum of directors
Official statutory text
§ 707. Quorum of directors.\n Unless a greater proportion is required by this chapter or by the\ncertificate of incorporation or by a by-law adopted by the members, a\nmajority of the entire board shall constitute a quorum for the\ntransaction of business or of any specified item of business, except\nthat the certificate of incorporation or the by-laws may fix the quorum\nat less than a majority of the entire board, provided that in the case\nof a board of fifteen members or less the quorum shall be at least\none-third of the entire number of members and in the case of a board of\nmore than fifteen members the quorum shall be at least five members plus\none additional member for every ten members (or fraction thereof) in\nexcess of fifteen.\n
Status: in_force · Read it on the official government site
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