Ohio Revised Code (Last Updated: January 27, 2016) |
Title 17. XVII CORPORATIONS - PARTNERSHIPS |
Chapter 1733. CREDIT UNIONS |
Section 1733.17. Quorum of board
Latest version.
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Except for regulations applicable during an emergency, as that term is defined in section 1733.01 of the Revised Code, and except that the articles or regulations may require a greater number, a majority of the entire authorized number of directors is necessary to constitute a quorum for a meeting of directors except that a majority of the directors in office constitute a quorum for filling a vacancy on the board. The act of a majority of the directors present at a meeting at which a quorum is present is the act of the board, unless the act of a greater number is required by the law, the articles, regulations, or bylaws.
Effective Date: 11-19-1971