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Re: Stewguts post# 4377

Monday, 09/09/2013 2:37:22 PM

Monday, September 09, 2013 2:37:22 PM

Post# of 38925
Stew,
Yes I do remember that release as strange as it seems.

Here's Merriam Webster
the number (as a majority) of officers or members of a body that when duly assembled is legally competent to transact business
Here's Wikipedia,
A quorum is the minimum number of members of a deliberative assembly (a body that uses parliamentary procedure, such as a legislature) necessary to conduct the business of that group. According to Robert's Rules of Order Newly Revised, the "requirement for a quorum is protection against totally unrepresentative action in the name of the body by an unduly small number of persons."

So perhaps it's different for a shareholder meeting.