Banking Law § 6008 · Title 6. Stockholders
Quorum of stockholders
Text — Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
§ 6008. Quorum of stockholders. 1. The holders of a majority of the shares entitled to vote thereat shall constitute a quorum at a meeting of stockholders for the transaction of any business, provided that when a specified item of business is required to be voted on by a class or series, voting as a class, the holders of a majority of the shares of such class or series shall constitute a quorum for the transaction of such specified item of business.
2. The organization certificate or by-laws may provide for any lesser quorum not less than one-third of the shares entitled to vote, and the organization certificate may, under section six thousand sixteen, provide for a greater quorum.
3. When a quorum is once present to organize a meeting, it is not broken by the subsequent withdrawal of any stockholders.
4. The stockholders present may adjourn the meeting despite the absence of a quorum.
Source of truth
- Edition
- Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/BNK6008
- Text hash
- sha256 0fd95accb8b2a86e3abcafb863421666484fbaf074a596e6751e5eb32cd142b2
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
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