Meaning of Quorum

Quorum

Language - English

Tamil Word - குறைவெண்

Minimum Number of Members Required for a Valid Meeting or Decision. Example: The quorum for the residents' association meeting was not met, so the vote on the proposed property maintenance fee increase had to be postponed. A quorum is the minimum number of members or participants required to be present at a meeting or gathering for it to be considered valid and for any decisions made to be binding. In the context of real estate, quorum requirements may be specified in the bylaws or governing documents of homeowners' associations or cooperative societies.