Laws of New York (Last Updated: November 21, 2014)

Section 707. Quorum of directors

Latest version.

Unless  a  greater  proportion  is  required  by  the  certificate  of
  incorporation, a majority of the entire board shall constitute a  quorum
  for  the  transaction  of business or of any specified item of business,
  except that the certificate of incorporation or the by-laws may fix  the
  quorum  at  less  than  a majority of the entire board but not less than
  one-third thereof.

                    
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