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A quorum is not set on the total number of votes, but on the number of votes a particular option (besides the status quo) must receive before it is considered. For example, in a yes/no vote, the quorum may say that at least 40 yes votes are required, along with yes having a majority of votes, for the vote to pass.
State law, the articles of incorporation, and the bylaws of a corporation will establish what a quorum is. It is usually a majority of the shares (or directors) entitled to vote. (5) Remember to keep records of meetings of both the Shareholders and the Board of Directors and of proof of attendance.wo Shareholders. I f you and one other person are the sole shareholders, the two directors, and one of you is the Secretary of the corporation, here is the easy way to keep up your annual meetings: (1) Determine the date of your meeting.