Florida Statutes 420.505 – Meetings; quorum; voting
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Florida Statutes 420.505
- Members: means the members of the board of directors of the corporation. See Florida Statutes 420.503
- Quorum: The number of legislators that must be present to do business.
The powers of the corporation shall be vested in the members of its board of directors in office from time to time. Five members of the board shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be taken by the board upon an affirmative vote of a majority of the members present, provided that no action shall be taken by an affirmative vote of less than four members.