Statute · New York Limited Liability Company Law
N.Y. Ltd. Liab. Co. Law § 404 — Quorum of members
N.Y. Ltd. Liab. Co. Law § 404
- Type
- Statute
- Source
- New York Limited Liability Company Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 404. Quorum of members. (a) Except as provided in the operating agreement, a majority in interest of the members entitled to vote shall constitute a quorum at a meeting of members for the transaction of any business, provided that when a specified item of business is required to be voted on by…
Citator
N.Y. Ltd. Liab. Co. Law § 404 — Quorum of members is in force in the current edition of the Code, and nothing recorded condemns it.
§ 404. Quorum of members. (a) Except as provided in the operating agreement, a majority in interest of the members entitled to vote shall constitute a quorum at a meeting of members for the transaction of any business, provided that when a specified item of business is required to be voted on by a class of members voting as a class, a majority in interest of the members of such class shall constitute a quorum for the transaction of such specified item of business.
(b) The operating agreement may provide for a greater quorum or a lesser quorum, provided that such lesser quorum shall not be less than one-third in interest of the members entitled to vote.
(c) When a quorum is once present to organize a meeting, it is not broken by the subsequent withdrawal of any members.
(d) The members present may adjourn the meeting despite the absence of a quorum.