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Uniform Agricultural Cooperative Association Act | |
General Provisions Relating to Agricultural Cooperative Associations | |
Section 12.1 | Quorum -- Voting. |
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3-1-12.1. Quorum -- Voting. (1) The bylaws of the association shall prescribe the number of members or shareholders which constitutes a quorum. (2) Where a quorum was initially present at a meeting, a majority vote of the votes entitled to be cast shall be necessary for the adoption of any matter on which a vote was cast, unless a greater proportion is required by this chapter or the articles of incorporation of the association. (3) If the articles of incorporation require the vote of a greater proportion of members than that required by this chapter, the provisions of the articles of incorporation shall control.
Enacted by Chapter 202, 1994 General Session |
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