Sri Lanka Consolidated Acts

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National Savings Bank Act (No. 30 of 1971) - Sect 16

Determination of question at meetings of the Board

16.
(1) Any question which arises at any meeting of the Board shall be decided by a majority of the votes of the members present, and in the case of an equality of votes, the member presiding at the meeting shall have a second or casting vote.
(2) No act or proceeding of the Board shall be invalid by reason only of the existence of any vacancy among the directors or any defect in the appointment of a director.

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