45
CurrentQuorum for board meetings (CNL s175)
Schedule 6Model rules for a non-distributing co-operative without share capital
Part 4Board of directors
45 Quorum for board meetings (CNL s175)
(1)
The quorum for a meeting of the board is 50% of the number of directors (or if that percentage of the number of directors is not a whole number, the whole number next higher than one half).
Note—
The co-operative may specify in the rules a greater percentage than 50% for a quorum.
(2)
For a quorum, the number of member directors must outnumber the non-member directors by at least one.
Note—
The co-operative may specify in the rules another number by which the number of member directors must outnumber the non-member directors.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.