Sri Lanka Consolidated Acts

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Regional Rural Development Banks Act (No. 15 of 1985) - Sect 13

Meetings’ of the Board, quorum and regulation of procedure

13.
(1) The Chairman of the Board shall, if present preside at every meeting of the Board. In the absence of the Chairman from any such meeting, the Directors present shall elect one of the Directors present, to preside at such meeting.
(2) The quorum for any meeting of the Board shall be three members.
(3) The person presiding at any meeting of the Board shall, in addition to his own vote, have a casting vote.
(4) Subject to the provisions of subsections (2) and (3) the Board may regulate the procedure in regard to the meeting of the Board and the transaction of business at such meeting.

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