Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter IX : Co-Operative Banks Development AgencyPart 2 : Governance of Agency62. Meetings |
| (1) | The Agency meets as often as circumstances require, but at least four times every year, at such time and place as the Agency may determine. |
| (2) | The chairperson may at any time convene a special meeting of the Agency at a time and place determined by the chairperson. |
| (3) | Upon a written request signed by not less than three members of the Agency, the chairperson must convene a special meeting of the Agency to be held within three weeks after the receipt of the request, and the meeting must take place at a time and place determined by the chairperson. |
| (4) | A majority of the members of the Agency constitutes a quorum at a meeting. |
| (5) |
| (a) | Every member of the Agency, including the chairperson, has one vote. |
| (b) | In the event of an equality of votes, the chairperson of the meeting has a casting vote in addition to his or her deliberative vote. |