(805 ILCS 5/8.15) (from Ch. 32, par. 8.15)
Sec. 8.15.
Quorum of directors.
(a) A majority of the number of directors
fixed by the by-laws, or in the absence of a by-law fixing the number of
directors, the number stated in the articles of incorporation or named by
the incorporators, shall constitute a quorum for the transaction of business
unless a greater number is
specified by the articles of incorporation or the by-laws.
(b) If a corporation has a variable range board of directors, a quorum
shall consist of a majority of the directors then in office, but not less
than a majority of the minimum number of directors specified for the variable
range of the board unless the articles of incorporation or by-laws specify
a greater number.
(c) The act of the majority of the directors present at a meeting at which
a quorum is present shall be the act of the board of directors, unless the
act of a greater number is required by the articles of incorporation or the by-laws.
(d) Unless specifically prohibited by the articles of incorporation or
by-laws, members of the board of directors or of any committee of the board
of directors may participate in and act at any meeting of such board or
committee through the use of a conference telephone or other communications
equipment by means of which all persons participating in the meeting can
hear each other.
Participation in such meeting shall constitute attendance and
presence in person at the meeting of the person or persons so
participating.
(Source: P.A. 83-1025.)
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