Tennessee Statutes

§ 13-30-106 — Quorum for transaction of business - Officers - Rules and regulations - Removal of board members - Compensation - Meetings - Majority approval for actions of the board - No proxy voting

Tennessee·Title 13
(a)A majority of the board of the corporation shall constitute a quorum for the transaction of any business. Unless a greater number or percentage is required by state law, the vote of a simple majority of the directors present at any meeting at which a quorum is present shall be the action of the corporation. To the extent permitted by applicable law, the corporation may permit any or all directors to participate in an annual, regular or special meeting by, or conduct the meeting through the use of, any means of communication by which all directors participating may simultaneously hear each other during the meeting. A director participating in a meeting by this means is deemed to be present in person at the meeting.
(b)The members of the board of directors shall select annually from amo

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Tennessee § 13-30-106 (Quorum for transaction of business - Officers - Rules and regulations - Removal of board members - Compensation - Meetings - Majority approval for actions of the board - No proxy voting) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 2012, ch. 1096, § 1.

Nearby Sections

15
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