What is the minimum number of directors required to form a quorum for board meetings under the Model Articles?

What is the minimum number of directors required to form a quorum for board meetings under the Model Articles?

• A. 1
• B. 3
• C. 2
• D. 4

Answer: (C)

Quorum is the minimum number of directors who must be present for a board meeting to be valid and for decisions to be made. Under the Model Articles, the default requirement is that two directors must form a quorum. This means at least two directors need to be present for the meeting to proceed and for any resolutions to be valid. If there are only two directors in total, both need to attend to have a meeting. If there are more directors, any two of them can constitute the quorum. The number can be changed if the articles are amended, but by default two is the minimum.

Quorum is the minimum number of directors who must be present for a board meeting to be valid and for decisions to be made. Under the Model Articles, the default requirement is that two directors must form a quorum. This means at least two directors need to be present for the meeting to proceed and for any resolutions to be valid. If there are only two directors in total, both need to attend to have a meeting. If there are more directors, any two of them can constitute the quorum. The number can be changed if the articles are amended, but by default two is the minimum.