501A.707 - QUORUM.

        501A.707  QUORUM.         A majority, or a larger or smaller portion or number provided in      the articles or bylaws, of the directors currently holding office is      a quorum for the transaction of business.  In the absence of a      quorum, a majority of the directors present may adjourn a meeting      from time to time until a quorum is present.  If a quorum is present      when a duly called or held meeting is convened, the directors present      may continue to transact business until adjournment, even though the      withdrawal of a number of directors originally present leaves less      than the proportion of number otherwise required for a quorum.  
         Section History: Recent Form
         2005 Acts, ch 135, §41