N.Y. Bus. Corp. Law § 608

§ 608. Quorum of shareholders.\n (a) The holders of a majority of the votes of shares entitled to vote\nthereat shall constitute a quorum at a meeting of shareholders for the\ntransaction of any business, provided that when a specified item of\nbusiness is required to be voted on by a particular class or series of\nshares, voting as a class, the holders of a majority of the votes of\nshares of such class or series shall constitute a quorum for the\ntransaction of such specified item of business.\n (b) The certificate of incorporation or by-laws may provide for any\nlesser quorum not less than one-third of the votes of shares entitled to\nvote, and the certificate of incorporation may, under section 616\n(Greater requirement as to quorum and vote of shareholders), provide for\na greater quorum.\n (c) When a quorum is once present to organize a meeting, it is not\nbroken by the subsequent withdrawal of any shareholders.\n (d) The shareholders present may adjourn the meeting despite the\nabsence of a quorum.\n