1511 QUORUM

1511.1 The number of members constituting a quorum for the transaction of Board business shall be a majority of members present and no business may be transacted until a quorum is ascertained by the Chairman. (D.C. Code §1-711(d)(2) (2001)).

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).