SECTION 420.505. Meetings; quorum; voting.

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1The 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.

History.-s. 1, ch. 80-161; s. 8, ch. 97-167.

Bills Cite this Section:

None

Authorized Rulemaking (3):

Implemented Rule (7):

Cited by Court Cases:

None

                    
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