13.1-849 - Quorum and voting requirements for voting groups. - Virginia Statutes

§ 13.1-849. Quorum and voting requirements for voting groups.

A. The bylaws may provide the number or percentage of members entitled tovote represented in person or by proxy, or the number or percentage of votesrepresented in person or by proxy, which shall constitute a quorum at ameeting of members. In the absence of any such provision, members holdingone-tenth of the votes entitled to be cast represented in person or by proxyshall constitute a quorum. The vote of a majority of the votes entitled to becast by the members present or represented by proxy at a meeting at which aquorum is present shall be necessary for the adoption of any matter votedupon by the members, unless a greater proportion is required by this Act orthe articles of incorporation. Members entitled to vote as a separate votinggroup may take action on a matter at a meeting only if a quorum of thosemembers exists with respect to that matter.

B. Once a member is represented for any purpose at a meeting, the member isdeemed present for quorum purposes for the remainder of the meeting and forany adjournment of that meeting unless a new record date is or shall be setfor that adjourned meeting.

C. Less than a quorum may adjourn a meeting.

D. The election of directors is governed by § 13.1-852.

(Code 1950, § 13.1-219; 1956, c. 428; 1985, c. 522; 2007, c. 925.)