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Current as of January 01, 2021 | Updated by FindLaw Staff
(a) Except as provided in the operating agreement, a majority in interest of the members entitled to vote shall constitute a quorum at a meeting of members for the transaction of any business, provided that when a specified item of business is required to be voted on by a class of members voting as a class, a majority in interest of the members of such class shall constitute a quorum for the transaction of such specified item of business.
(b) The operating agreement may provide for a greater quorum or a lesser quorum, provided that such lesser quorum shall not be less than one-third in interest of the members entitled to vote.
(c) When a quorum is once present to organize a meeting, it is not broken by the subsequent withdrawal of any members.
(d) The members present may adjourn the meeting despite the absence of a quorum.
Cite this article: FindLaw.com - New York Consolidated Laws, Limited Liability Company Law - LLC § 404. Quorum of members - last updated January 01, 2021 | https://codes.findlaw.com/ny/limited-liability-company-law/llc-sect-404/
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