MMC » Topics » Quorum.

This excerpt taken from the MMC 8-K filed Sep 18, 2008.
Quorum. The quorum for directors' meetings was addressed in Article III, Section 4 of the former By-laws. The amended By-laws increase the quorum requirement for Board action. The former By-laws stated that one-third of the Board was sufficient for a quorum. The amended By-laws provide that a majority of the Board is required for a quorum.

 

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