(1) Unless the bylaws provide otherwise, a quorum for any meeting of the association of unit owners consists of the number of persons who are entitled to cast 20 percent of the voting rights and who are present in person, by proxy or by absentee ballot, if absentee ballots are permitted by the board of directors, at the beginning of the meeting.
(2) If any meeting of the association of unit owners cannot be organized because of a lack of a quorum, the unit owners who are present, either in person or by proxy, may adjourn the meeting. The quorum for a subsequent meeting is the greater of:
(a) One-half of the quorum required in the bylaws; or
(b) The quorum required in subsection (1) of this section. [1999 c.677 §60; 2007 c.409 §26]
Note: See note under 100.407.
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