California Insurance Code 11532.4 – The presence in person or by proxy of 5 per cent of the members …
Current as of: 2024 | Check for updates
|
Other versions
The presence in person or by proxy of 5 per cent of the members entitled to vote at any meeting shall constitute a quorum for the transaction of business, unless otherwise provided in the by-laws.
(Added by Stats. 1941, Ch. 379.)
Terms Used In California Insurance Code 11532.4
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- Quorum: The number of legislators that must be present to do business.