61. Quorum for meetings of members
The quorum for a meeting of members for purposes of a resolution of members, is that fixed by the memorandum or articles, but, where no quorum is so fixed, a meeting of members is properly constituted for all purposes if at the commencement of the meeting there are present in person or by proxy 1/2 of the votes of the shares of each class or series thereon and the same proportion of the votes of the remaining shares entitled to vote thereon.