(a) A quorum of a board of directors is the lesser of:
(1) a majority of the number of directors:
(A) established by the corporation's bylaws; or
(B) stated in the corporation's certificate of formation, if the bylaws do not establish the number of directors; or
(2) the number of directors, not less than three, established as a quorum by the certificate of formation or bylaws.
(b) The act of a majority of the directors present at a meeting at which a quorum is present is an act of the board of directors, unless the act of a larger number is required by the certificate of formation or bylaws of the corporation.