Term | Definition |
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Quorum |
A quorum is constituted by a minimum number of co-owners representing a majority of votes at the meeting, as indicated in the notice. A quorum is expressed in terms of votes and not in terms of number of co-owners present or represented. In the absence of quorum, after a certain time, the meeting is adjourned to another date. It is essential to have a quorum for that meeting takes place.
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