Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter IX : Co-operative Banks Development AgencyPart 2 : Governance of Agency63. Decisions |
| (1) | A decision of the majority of members present at a duly constituted meeting is a decision of the Agency. |
| (2) | No decision taken by or act performed under the authority of the Agency is invalid only by reason of— |
| (a) | a casual vacancy on the Agency; or |
| (b) | the fact that any person who did not qualify to sit as a member of the Agency participated in the meeting at the time the decision was taken or the act was authorised, if the members who were present and acted at the time followed the required procedure for decisions. |