Quorum of the board definition

Quorum of the board means a majority of the members of the board. Official action, including filing of formal charges or imposition of discipline, requires a majority vote of the members present.
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Quorum of the board has the meaning specified in Section 2.3(d).
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Examples of Quorum of the board in a sentence

  • The following table summarizes the adjustments necessary to reconcile the GAAP and budgetary basis statements.Net Change in Fund Balance General Fund GAAP Basis$ 830,361Revenue Accruals262,475Expenditure Accrual(233,565)Perspective Difference: Activity of Funds Reclassified for GAAP Reporting Purposes1,006Encumbrances (161,659)Budget Basis $ 698,618 NOTE 5 - DEPOSITS AND INVESTMENTS State statutes classify monies held by the School District into three categories.

  • Article 136 (Amended) Quorum of the board of directorsA quorum of the board of directors is subject to the decision of the board of directors itself but shall not be less than half of the total number of directors.

  • Appropriate sample oaths are located in the‘‘Comptroller’s Manual for Corporate Activities.’’§ 7.2009 Quorum of the board of directors; proxies not permissible.A national bank shall provide in its articles of association or bylaws that forthe transaction of business, a quorum of the board of directors is at least amajority of the entire board then in office.

  • Quorum of the board is 6/9 members [or 2/3s of board] with at least one Co-Chair present.

  • Notwithstanding vacancies in the Board, the remaining directors may exercise all the powers of the Board so long as a Quorum of the board remains in office.

  • Quorum of the board of directorsA quorum of the board of directors is subject to the decision of the board of directors itself but shall not be less than half of the total number of directors.

  • I wish to reiterate that in view if this court’s finding and holding on issue N0.l, and to the extent that Article 33 (c) provides for a Quorum of the board of Directors to be three when transacting business as Directors, then the second resolution cannot stand.

  • A Quorum of the board shall be defined as a majority of the full Board of Directors.146 4.10 Annual MeetingAn Annual Meeting of the Board shall take place at a time and place designated by the Board.

  • Any person, including one who is a di- rector but not an officer of the national bank, having an official seal and authorized by the State to administer oaths.* * * * * § 7.2009 Quorum of the board of direc- tors; proxies not permissible.A national bank shall provide in its articles of association or bylaws that for the transaction of business, a quorum of the board of directors is at least a majority of the entire board then in office.

  • Quorum of the board confirmed with Ken Self, David Stewart, and Kevin Toth.

Related to Quorum of the board

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Chairman of the Board means the Chairman of the Board of the Corporation.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • the Board means the board of directors of the Company;

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Company Board of Directors means the board of directors of the Company.

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • Board or Board of Directors means the Board of Directors of the Company.

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • Board of Directors means the board of directors of the Company.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Executive Committee means the Executive Committee of the Board.

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies in previously authorized directorships.

  • Medical Board means the North Carolina Medical Board.

  • R.S. Board means the Board of Governors of the Federal Reserve System or any successor thereto.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • College board means the state board for community and

  • Full Board means the authorized number of voting members of the Board of Education.

  • Quorum means a majority of the Regular Trustees or, if there are only two Regular Trustees, both of them.

  • Board Committee means those individual Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article V and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • meeting of shareholders means an annual meeting of shareholders or a special meeting of shareholders;

  • ordinary member of the committee means a member of the committee who is not an officer of the Association under Rule 21;

  • Executive Board means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the commission.

  • Meeting of Members means an Annual Meeting of Members or a Special Meeting of Members.

  • Meeting means any meeting of:

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.