Sri Lanka Consolidated Acts

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Sri Lanka Export Credit Insurance Corporation Act (No. 15 of 1978) - Sect 12

Meetings of the Board

12.
(1) The Chairman of the Board shall, if present preside at all meeting of the Board. In the absence of the Chairman from any such meeting the members present shall elect one of the members to preside at such meeting.
(2) The quorum for any meeting of the Board shall be three members and the Board may regulate the procedure in regard to the meetings of such Board and the transaction of business at such meetings.
(3) All questions for decision at any meeting of the Board shall be decided by the vote of the majority of the members present. In the case of an equality of votes the member presiding shall have a casting vote.


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