New Jersey Statutes
§ 48:24-14 — Quorum.
New Jersey·Title 48 PUBLIC UTILITIES
14.If the total number of members of a rural electric cooperative shall exceed 1,000, then at least 100 of the members present in person shall constitute a quorum for the transaction of business at all meetings of members. In the case of a joint membership, the presence at a meeting of either joint member or both shall be regarded as the presence of one member. If less than a quorum is present at any meeting, a majority of those members present in person may adjourn the meeting from time to time without further notice. L.2017, c.297, s.14.
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Nearby Sections
15
§ 48:24-1
Short title.§ 48:24-10
Liability for, payment of debts.§ 48:24-11
Certificate of membership.§ 48:24-12
Board of directors.§ 48:24-13
Meetings.§ 48:24-14
Quorum.§ 48:24-15
Voting.§ 48:24-16
Operating expenses; revenues.§ 48:24-17
Merger, consolidation, division.§ 48:24-18
Dissolution.§ 48:24-19
Security of borrowed money.§ 48:24-4
Articles of incorporation.§ 48:24-6
Liberal construction.