§ 707. Quorum of directors.\n Unless a greater proportion is required by the certificate of\nincorporation, a majority of the entire board shall constitute a quorum\nfor the transaction of business or of any specified item of business,\nexcept that the certificate of incorporation or the by-laws may fix the\nquorum at less than a majority of the entire board but not less than\none-third thereof.\n
N.Y. Bus. Corp. Law § 707
Quorum of directors
Applied in 1 court decision — leading case Desuzia v. Board of Directors of Concourse Village, Inc. (2014)
Most recently applied in Desuzia v. Board of Directors of Concourse Village, Inc. (May 2014)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.