Decisions decided upon by 3 out of 8

At a recent exectutive committee meeting of our strata of 8 units only 5 members were in attendance. Of those 5 owners only 4 were up-to-date with their payments and were therefore not “financial” and subsequently not allowed to vote. This meant that only 4 were able to vote during the meeting and mostly the decisions went 3-1.

With so few people in attendance, does this form a real quorum and can 3 people decide on big financial decisions ($40,000.00) by just 3 people.

Is there any recourse to this decision by law?

Thanks in advance.