§ 55A-7-22. Quorum requirements. - North Carolina Statutes

§55A‑7‑22.  Quorum requirements.

(a)        Unless thisChapter, the articles of incorporation, or bylaws provide for a higher or lowerquorum, ten percent (10%) of the votes entitled to be cast on a matter shall berepresented at a meeting of members to constitute a quorum on that matter. Once a member is represented for any purpose at a meeting, the member is deemedpresent for quorum purposes for the remainder of the meeting and for anyadjournment of that meeting unless a new record date is or must be set for thatadjourned meeting.

(b)        A bylaw amendmentto decrease the quorum for any member action may be approved by the membersentitled to vote on that action or, unless prohibited by the bylaws, by theboard of directors.

(c)        A bylaw amendmentto increase the quorum required for any member action shall be approved by themembers entitled to vote on that action.

(d)        Unless one‑thirdor more of the votes entitled to be cast in the election of directors arerepresented in person or by proxy, the only matters that may be voted upon atan annual or regular meeting of members are those matters that are described inthe meeting notice. (1955, c. 1230; 1993, c. 398, s. 1.)