(805 ILCS 105/107.60) (from Ch. 32, par. 107.60)
Sec. 107.60.
Quorum of members entitled to vote.
Unless
otherwise provided by the articles of incorporation or the
bylaws, members holding one-tenth of the votes entitled to
be cast on a matter, represented in person or by proxy,
shall constitute a quorum for consideration of such matter
at a meeting of members. If a quorum is present, the
affirmative vote of a majority of the votes present and
voted, either in person or by proxy, shall be the act of the
members, unless the vote of a greater number or voting by
classes is required by this Act, the articles of
incorporation or the bylaws. The articles of incorporation
or bylaws may require any number or percent greater or
smaller than one-tenth up to and including a requirement of
unanimity to constitute a quorum.
(Source: P.A. 84-1423.)
|