§ 13.1-849 — Quorum and voting requirements for voting groups

Virginia § 13.1-849

• Jurisdiction: Virginia
• Title 13.1: CORPORATIONS
• Ch. 10: VIRGINIA NONSTOCK CORPORATION ACT
• Art. 7: MEMBERS AND MEETINGS

Text

A. The bylaws may provide the number or percentage of members entitled to vote represented in person or by proxy, or the number or percentage of votes represented in person or by proxy, which shall constitute a quorum at a meeting of members. In the absence of any such provision, members holding one-tenth of the votes entitled to be cast represented in person or by proxy shall constitute a quorum. The vote of a majority of the votes entitled to be cast by the members present or represented by proxy at a meeting at which a quorum is present shall be necessary for the adoption of any matter voted upon by the members, unless a greater proportion is required by this Act or the articles of incorporation. Members entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those members exists with respect to that matter.

B. Once a member is represented for any purpose at a meeting, the member is deemed present for quorum purposes for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or shall be set for that adjourned meeting.

C. Less than a quorum may adjourn a meeting.

D. The election of directors is governed by § 13.1-852.

Legislative History

Code 1950, § 13.1-219; 1956, c. 428; 1985, c. 522; 2007, c. 925.