Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.
I. Unless the condominium instruments otherwise provide, a quorum shall be deemed to be present throughout any meeting of the unit owners' association until adjourned if persons entitled to cast more than 33 1/3 percent of the votes are present at the beginning of such meeting. The bylaws may provide for a smaller percentage, not less than 25 percent, or for a larger percentage for associations having fewer than 25 units; provided, however, this paragraph shall not apply if the condominium is comprised of time sharing interests.
II. Unless the condominium instruments specify a larger majority, a quorum shall be deemed to be present throughout any meeting of the board of directors if persons entitled to cast more than 1/2 of the votes in that body are present at the beginning of such meeting.
III. If a quorum is not met for an annual meeting, the board shall reschedule the meeting within 60 days and provide proper notice and proxies.
IV. In the case of small condominiums, unless the condominium instruments otherwise provide, a quorum shall be deemed to be present throughout any meeting of the unit owners' association until adjourned if 3 persons, or persons entitled to cast more than 33 percent of the votes, whichever is greater, are present at the beginning of such meeting. This paragraph shall not apply if the condominium is comprised of time sharing interests. If a quorum is not met for an annual meeting, the board shall reschedule the meeting within 60 days and provide proper notice and proxies.
Source. 1977, 468:1, eff. Sept. 10, 1977. 2016, 311:2, eff. Aug. 1, 2016. 2020, 3:5, eff. Apr. 10, 2020.