A quorum is a minimum number of persons belonging to a legislative assembly, a corporation, society, or other body required in order to conduct business. For instance, a corporate bylaw may require a quorum consisting of a certain number of shares of stock that must be represented by stockholders at a stockholders meeting in order to conduct business or take action.
A quorum may be designated as a majority of persons or some other number. The definition of the number of persons needed to form a quorum is set forth in bylaws, articles, regulations or other rules established by an organization. The quorum for meetings of governmental bodies such as commissions and boards are usually set by statute.
