[§415B-44] Quorum. The bylaws shall provide the number or percentage of members entitled to vote represented in person or by proxy, or the number or percentage of votes represented in person or by proxy, which shall constitute a quorum at a meeting of members and is necessary for the conduct of business. A majority of the votes entitled to be cast on a matter to be voted upon by the members present or represented by proxy at a meeting at which a quorum is present shall be necessary for the adoption of the matter to be voted upon, unless a greater proportion is required by this chapter, the articles of incorporation, or the bylaws. [L 1985, c 270, pt of §1]