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Simple English definitions for legal terms
interest-based quorum
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A quick definition of interest-based quorum:
An interest-based quorum is a minimum number of people who must be present or represented from different groups or interests in order for a meeting or assembly to legally conduct business. This means that each group or interest has a say in the decision-making process, and their presence or representation is necessary for the meeting to be valid. Other types of quorums include notice-based, proportional, and registration-based quorums.
A more thorough explanation:
Definition: Interest-based quorum is a type of quorum that is determined based on the presence or representation of various constituencies. It is the minimum number of members required to be present for a deliberative assembly to legally transact business.
Examples:
- A board of directors may require that a certain number of members from each department be present to constitute an interest-based quorum.
- A student council may require that a certain number of representatives from each grade level be present to constitute an interest-based quorum.
These examples illustrate how an interest-based quorum is determined based on the representation of different groups or constituencies. It ensures that all groups have a say in the decision-making process and prevents one group from dominating the discussion.