Quorum
Definition
A quorum is the minimum number of members of a group or committee required to be in attendance in order for that group to be able to take official action. Groups that often have quorum requirements include legislative bodies, corporate boards of directors, and corporate shareholder meetings.
Illustrative caselaw
See, e.g. New Process Steel, L.P. v. N.L.R.B., 130 S.Ct. 2635 (2010).
See also
Definition from Nolo’s Plain-English Law Dictionary
The number of people required to be present at a meeting before a vote can be taken. A quorum is usually a majority of directors, shareholders, or members, but a different quorum may be set in the bylaws or operating agreement of the business or association.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm
