Quorum |
4.5 Quorum: |
| A majority of Advisors (six (6) advisors)
shall constitute a quorum for the transaction of business at any
Advisor Board meeting but, if less than such majority be present
at a meeting, a majority of the Advisors present may adjourn the
meeting from time to time without further notice. Members of the
Advisor Board may participate in an Advisor Board meeting or
committee meeting by means of a conference telephone or similar
communications equipment by means of which all persons
participating in the meeting can receive communication from each
other at the same time, and participation by such means shall
constitute presence in person at a meeting.
(Number reduced from 8 to 6 in August, 2011) |
4.6 Manner of Acting: |
| A motion approved by the majority of the Advisors present at a meeting at which a quorum is present shall be the act of the Advisor Board. |