{"data":{"id":"us-ny/n.y.-banking-law-6008","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 6008","heading":"Quorum of stockholders","body":"§ 6008. Quorum of stockholders. 1. The holders of a majority of the\nshares entitled to vote thereat shall constitute a quorum at a meeting\nof stockholders for the transaction of any business, provided that when\na specified item of business is required to be voted on by a class or\nseries, voting as a class, the holders of a majority of the shares of\nsuch class or series shall constitute a quorum for the transaction of\nsuch specified item of business.\n  2. The organization certificate or by-laws may provide for any lesser\nquorum not less than one-third of the shares entitled to vote, and the\norganization certificate may, under section six thousand sixteen,\nprovide for a greater quorum.\n  3. When a quorum is once present to organize a meeting, it is not\nbroken by the subsequent withdrawal of any stockholders.\n  4. The stockholders present may adjourn the meeting despite the\nabsence of a quorum.","path":["Banking Law","Article 15. General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies","Title 6. Stockholders"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/6008","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"99b3f1aa64b6bf745c4e09f02df5b419a17eb2c07636f030c9fd66d8674199c2","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-6007","next":"us-ny/n.y.-banking-law-6009"},"notice":"GroundRules: Original legal text. Not legal advice."}