{"data":{"id":"us-la/rs-6-273","jurisdiction":"us-la","citation":"RS 6:273","heading":"Quorum","body":"A. A stockholders' meeting properly called on due notice, if notice is required, may be organized for the transaction of business whenever a quorum is present.\nB. Except as otherwise provided in this Chapter or in the articles or bylaws:\n(1) The presence, in person, by remote communication as provided in R.S. 12:1-709, or by proxy, of the holders of the majority of the total voting power shall constitute a quorum, except that in no event shall a quorum consist of less than one-fourth of the total voting power.\n(2) The stockholders present or represented at a duly organized meeting shall constitute a quorum and may continue to do business until adjournment notwithstanding the withdrawal of enough stockholders to leave less than a quorum as fixed in Paragraph (1) of this Subsection or in the articles or bylaws or the refusal of any stockholders present to vote.\n(3)(a) If a meeting cannot be organized because a quorum has not attended, those present may adjourn the meeting to such time and place as they may determine, subject however, to the provisions of R.S. 6:272(C).\n(b) In the case of any meeting called for the election of directors, those who attend the second of such adjourned meetings, although less than a quorum as fixed in Paragraph (1) of this Subsection or in the articles or bylaws, shall nevertheless constitute a quorum for the purpose of electing directors.","path":["TITLE 6. BANKS AND BANKING"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=105890","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:48:54Z","sha256":"e5ab6175a7bbdbef9eff52db9415844cbbe095f9d141d897d258ea3c8bd2a69e","source_id":"us-la","stale":false,"prev":"us-la/rs-6-272","next":"us-la/rs-6-274"},"notice":"GroundRules: Original legal text. Not legal advice."}