{
  "urn": "urn:us-la:rs:6:273",
  "title_number": "6",
  "section_number": "273",
  "citation": "R.S. 6:273",
  "heading": "Quorum",
  "text": "A. A stockholders' meeting properly called on due notice, if notice is required, may be organized for the transaction of business whenever a quorum is present.\n\nB. Except as otherwise provided in this Chapter or in the articles or bylaws:\n\n(1) The presence, in person, by remote communication as provided in R.S. 12:1-709, or by proxy, of the holders of the majority of the total voting power shall constitute a quorum, except that in no event shall a quorum consist of less than one-fourth of the total voting power.\n\n(2) The stockholders present or represented at a duly organized meeting shall constitute a quorum and may continue to do business until adjournment notwithstanding the withdrawal of enough stockholders to leave less than a quorum as fixed in Paragraph (1) of this Subsection or in the articles or bylaws or the refusal of any stockholders present to vote.\n\n(3)(a) If a meeting cannot be organized because a quorum has not attended, those present may adjourn the meeting to such time and place as they may determine, subject however, to the provisions of R.S. 6:272(C).\n\n(b) In the case of any meeting called for the election of directors, those who attend the second of such adjourned meetings, although less than a quorum as fixed in Paragraph (1) of this Subsection or in the articles or bylaws, shall nevertheless constitute a quorum for the purpose of electing directors.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "6",
      "name": "BANKS AND BANKING"
    },
    {
      "level": "chapter",
      "number": "3",
      "name": "STATE BANKS SUBCHAPTER A. ORGANIZATION AND OPERATION OF STATE BANKS"
    },
    {
      "level": "part",
      "number": "VII",
      "name": "STOCKHOLDERS"
    }
  ],
  "breadcrumb": "Title 6 › Chapter 3 › Part VII",
  "acts_citations": [
    {
      "act_year": 1984,
      "act_number": 719,
      "section": 1,
      "effective_date": "1985-01-01",
      "effective_date_raw": "Jan. 1, 1985",
      "role": "enactment"
    },
    {
      "act_year": 2021,
      "act_number": 23,
      "section": 1,
      "effective_date": "2021-06-01",
      "effective_date_raw": "June 1, 2021",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1984, No. 719, §1, eff. Jan. 1, 1985; Acts 2021, No. 23, §1, eff. June 1, 2021.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=105890",
  "website_law_id": 105890,
  "scrape_timestamp": "2026-05-22T23:51:06Z",
  "source_html_hash": "sha256:8f08e780654a625a1fadffd7f4e95c9dec69abe2f0305c4c1b5955a86cd157b4",
  "schema_version": "1.0.0"
}