Ohio Code 1733.14 – Quorum at member meeting
The quorum for a members’ meeting, which may be set forth in the articles or regulations of a credit union, shall include those members present and eligible to vote as provided in section 1733.13 of the Revised Code. Unless the articles or regulations otherwise provide:
Terms Used In Ohio Code 1733.14
- Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
- Articles: includes original articles of incorporation, agreements of merger, amended articles, and amendments to any of these. See Ohio Code 1733.01
- Credit union: means a corporation organized and qualified as such under this chapter. See Ohio Code 1733.01
- Person: includes , without limitation, an individual, the estate of a deceased individual, a corporation, an unincorporated society or association, or any other organization of individuals. See Ohio Code 1733.01
- Quorum: The number of legislators that must be present to do business.
- Regulations: includes the code of regulations of a credit union and any amendments thereto or an amended code of regulations and any amendments thereto. See Ohio Code 1733.01
(A) One per cent of the voting members of a credit union, or twenty-five, whichever is lower, constitutes a quorum at any meeting of members.
(B) The act of a majority of the voting members represented in person, by mail ballot, by electronic ballot, by proxy, or as otherwise prescribed by a credit union’s bylaws, at a meeting at which a quorum is present shall control, but no action required by law, the articles, or regulations to be authorized or taken by a designated proportion of the members may be authorized or taken by a lesser proportion.
(C) The voting members represented at a meeting, whether or not a quorum is present, may adjourn such meeting from time to time.