Quorum Definition And Explanation

Companies often stipulate the quorum required among shareholders in order to. Fixed minimum number of eligible members or stockholders shareholders who must be present physically or by proxy at a meeting before any official business may be transacted or a decision taken therein becomes legally binding. A quorum is a minimum level of interest or attendance required before an official meeting or action can take place.

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Quorum definition and explanation. Quorum has a legal history. Quorum definition the number of members of a group or organization required to be present to transact business legally usually a majority. Usually the articles of association or bylaws of a firm specify this number otherwise the number. Quorum definition is a select group.

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