§ 400.6. Partnership board
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce
73 P.S. § 400.6
§ 400.6. Partnership board
(a) Organization.--The powers of the partnership shall be exercised by a board consisting of the members of the partnership. Within 90 days after the effective date of this act, the partnership board shall meet and organize. The secretary shall be the chair and chief executive officer. The partnership board shall elect a secretary and treasurer from their number. At the first meeting in each year thereafter, they shall elect from their number a secretary and treasurer.
(b) Quorum.--A majority of the members shall constitute a quorum of the partnership board for the purpose of organizing the partnership and conducting the business thereof, and all action shall be taken by a vote of a majority of the members present, unless specified otherwise in the bylaws of the partnership or in this act. Only members or their designees who are physically present at a meeting shall count toward a quorum of the partnership board.
(c) Designees.--Each public officer of the partnership board may designate an officer or employee of the Commonwealth to represent him at meetings of the partnership board. Each designee may lawfully vote and otherwise act on behalf of the member of the partnership board for whom he constitutes the designee. The designation shall be in writing delivered to the partnership and shall continue in effect until revoked or amended in writing delivered to the partnership.
Credits
1993, July 2, P.L. 439, No. 64, § 6, effective in 120 days.
73 P.S. § 400.6, PA ST 73 P.S. § 400.6
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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