New York § 404 Quorum of members

New York Statutes

§ 404 — Quorum of members

New York § 404

Law LLCLimited Liability Company Law

Art. 4Management By Members or Managers

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Bluebook

N.Y. Limited Liability Company Law § 404 (2026).

Text

§ 404. Quorum of members.

(a)Except as provided in the operating\nagreement, a majority in interest of the members entitled to vote shall\nconstitute a quorum at a meeting of members for the transaction of any\nbusiness, provided that when a specified item of business is required to\nbe voted on by a class of members voting as a class, a majority in\ninterest of the members of such class shall constitute a quorum for the\ntransaction of such specified item of business.\n (b) The operating agreement may provide for a greater quorum or a\nlesser quorum, provided that such lesser quorum shall not be less than\none-third in interest of the members entitled to vote.\n (c) When a quorum is once present to organize a meeting, it is not\nbroken by the subsequent withdrawal of any members.\n

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§ 404. Quorum of members. (a) Except as provided in the operating\nagreement, a majority in interest of the members entitled to vote shall\nconstitute a quorum at a meeting of members for the transaction of any\nbusiness, provided that when a specified item of business is required to\nbe voted on by a class of members voting as a class, a majority in\ninterest of the members of such class shall constitute a quorum for the\ntransaction of such specified item of business.\n (b) The operating agreement may provide for a greater quorum or a\nlesser quorum, provided that such lesser quorum shall not be less than\none-third in interest of the members entitled to vote.\n (c) When a quorum is once present to organize a meeting, it is not\nbroken by the subsequent withdrawal of any members.\n (d) The members present may adjourn the meeting despite the absence of\na quorum.\n