Common use of Majority Decision Clause in Contracts

Majority Decision. The concurrence of all of the Trustees shall not be necessary to the validity of any action taken by them, but the decision or action of a majority of the Trustees shall be conclusive and binding as the act and decision of the Trustees as a whole. Without limiting the generality of the foregoing, the action of a majority of the Trustees shall be required for the election of directors of Western Pathology. However, the Trustees that are not licensed as physicians under Chapter 630 of the Nevada Revised Statutes (or the equivalent successor thereto) shall abstain from any decision regarding the rendering of professional medical services. In such instances, the decision or action of a majority of the Trustees licensed as physicians under Chapter 630 of the Nevada Revised Statutes (or the equivalent successor thereto) shall be conclusive and binding as the act and decision of the Trustees as a whole.

Majority Decision. The concurrence of all of the Trustees trustees shall not be necessary to the validity of any action taken by them, but the decision or action of a majority of the Trustees trustees shall be conclusive and binding as the act and decision of the Trustees trustees as a whole. Without limiting the generality of the foregoing, the action of a majority of the Trustees trustees shall be required for the election of directors of Western Pathology. Laboratory Medicine Consultants, Ltd. However, the Trustees trustees that are not licensed as physicians under Chapter 630 of the Nevada Revised Statutes (or the equivalent successor thereto) shall abstain from any decision regarding the rendering of professional medical services. In such instances, the decision or action of a majority of the Trustees trustees licensed as physicians under Chapter 630 of the Nevada Revised Statutes (or the equivalent successor thereto) shall be conclusive and binding as the act and decision of the Trustees trustees as a whole.