Unless the governing principles provide otherwise, a majority of the whole authorized number of managers is necessary to constitute a quorum for a meeting of the managers, except that a majority of the managers in office constitutes a quorum for filling a vacancy in the position of manager. The act of a majority of the managers present at a meeting at which a quorum is present is the act of all of the managers, unless the act of a greater number is required by the governing principles.
Added by 129th General AssemblyFile No.79, HB 267, §1, eff. 5/22/2012.Section: Previous 1745.28 1745.29 1745.30 1745.31 1745.32 1745.33 1745.34 1745.35 1745.36 1745.37 1745.38 1745.39 1745.40 1745.41 1745.42 Next
Last modified: October 10, 2016