Section 48:24-14 - Quorum.

NJ Rev Stat § 48:24-14 (2019) (N/A)
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48:24-14 Quorum.

14. If the total number of members of a rural electric cooperative shall exceed 1,000, then at least 100 of the members present in person shall constitute a quorum for the transaction of business at all meetings of members. In the case of a joint membership, the presence at a meeting of either joint member or both shall be regarded as the presence of one member. If less than a quorum is present at any meeting, a majority of those members present in person may adjourn the meeting from time to time without further notice.

L.2017, c.297, s.14.