The quorum requirement for cooperative banks is

• A. 50% plus 1 or 1/2 plus 1 (except amendments to AOI)
• B. At least 25%
• C. 1/3
• D. 1/4

Answer: (A)

Quorum is the minimum number of members who must be present for a meeting to be valid. For cooperative banks, the usual rule for general meetings is a quorum of half of the total membership plus one, i.e., 50% plus one. This ensures that decisions reflect a majority view and aren’t driven by a small subset of members. The phrase “except amendments to AOI” acknowledges that changes to the Articles of Incorporation are fundamental and governed by different rules in the bye-laws, often requiring broader participation or a special resolution. The other percentages (25%, one-third, one-quarter) would allow too few members to validate decisions, undermining legitimate governance.