Corporate Shareholders 

New York Laws > Business Corporation > Article 6 > § 608 - Quorum of shareholders

§ 608. Quorum of shareholders.

    (a) The holders of a majority of the votes of shares entitled to vote thereat shall constitute a quorum at a meeting of shareholders for the transaction of any business, provided that when a specified item of business is required to be voted on by a particular class or series of shares, voting as a class, the holders of a majority of the votes of shares of such class or series shall constitute a quorum for the transaction of such specified item of business.

    (b) The certificate of incorporation or by-laws may provide for any lesser quorum not less than one-third of the votes of shares entitled to vote, and the certificate of incorporation may, under section 616 (Greater requirement as to quorum and vote of shareholders), provide for a greater quorum.

    (c) When a quorum is once present to organize a meeting, it is not broken by the subsequent withdrawal of any shareholders.

    (d) The shareholders present may adjourn the meeting despite the absence of a quorum.

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Questions & Answers: Corporate Shareholders

608 (c) appears to be in conflict with RONR 11th Ed, pgs 347-349 absence of a quorum. Please elaborate....

What is the statute of limitation in south carolina for a shareholder filing suit for fraud against another shareholder....

See also:

New York Laws - Business Corporation > Article 6 - Shareholders

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