South Dakota Codified Laws 1-16B-9. Quorum of board–Action by majority present
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A majority of the members constitutes a quorum of the board of directors for the purpose of organizing the authority and conducting business. Except when passing upon loan applications, any action may be taken by a vote of a majority of the members present, unless the rules of the board require a larger number.
Terms Used In South Dakota Codified Laws 1-16B-9
- Quorum: The number of legislators that must be present to do business.
Source: SL 1978, ch 9, § 6.