The powers of the corporation shall be vested in the members of its board of directors in office from time to time. Five members of the board shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be taken by the board upon an affirmative vote of a majority of the members present, provided that no action shall be taken by an affirmative vote of less than four members.
Fla. Stat. § 420.505
Meetings; quorum; voting
Known as the Neighborhood Housing Services Act
The act spans §§ 420.0001 to 420.9089 (98 sections).
History.--s. 1, ch. 80-161; s. 8, ch. 97-167.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.