1511 QUORUM

1511.1 The applicable statutory requirements shall determine the number of members constituting a quorum for the transaction of Board business. Board business cannot be transacted until a quorum is present. For this purpose, “present” means (a) physically attending the meeting or (b) participating in the meeting via teleconference, via videoconference, or via other electronic means as the Board determines.

1511.2 After a quorum is ascertained, the meeting shall proceed unless a Board member raises an objection that a quorum is not present, whereupon the Chairman shall direct the calling of the roll and shall announce the result.

1511.3 Until a quorum is present, no debate or motion shall be in order except to recess to locate absent members.

1511.4 After a recess to locate absent members, the roll shall be called again. If a quorum is not then present, the meeting shall be adjourned.

1511.5 Except as set forth in §§ 1511.6 there is no quorum requirement for a meeting for standing or special Committee. Debates and motions are permitted. Actions proposed by the special Committee shall be ratified by a majority of the Board.

1511.6 Meetings of the Investment Committee shall not commence until a quorum consistent with the requirements in §1511.1.

SOURCE: Notice of Final Rulemaking published at 49 DCR 10802, 10803 (November 29, 2002); as amended by Notice of Final Rulemaking published at 58 DCR 10347 (December 9, 2011).