20 CAR § 836-405 – Quorum and voting

(a) A quorum consists of a simple majority of the members of the Technology Equipment Revolving Loan Fund Committee.
(b) A quorum is required for the transaction of all business or the exercise of any power or function of the committee.
(c) Any act taken by a vote of the majority of the members present at any meeting at which a quorum is present shall be the act of the committee.
(d) If one (1) or more members are disqualified from voting on any matter due to conflict of interest, the remaining members shall act for the committee by majority vote.
(e) No vacancy in the membership in the committee shall impair the right of a quorum to exercise all the rights and perform all the duties of the committee.
(f) A majority of the members present at any meeting, whether or not constituting a quorum, may continue or adjourn the meeting to another time and place.