(1) The Board shall meet at least once in every 3 months and at such other times as may be necessary or expedient for the transaction of the business of the Bank and such meetings shall be held at such place and time and on such days as the Board may determine.
(2) The Chairperson may, at any time, summon a special meeting of the Board and shall, within 7 days of the receipt by the Secretary of a request in writing addressed to him or her by any 4 directors, call a special meeting of the Board.
(3) If the Chairperson refuses to summon a special meeting of the Board upon request or neglects to convene the meeting as requested, a special meeting of the Board may be convened by the directors making the request.
(4) Subject to subsections (5) and (6), the Chairperson shall preside at all meetings of the Board.
(5) In the absence of the Chairperson, the Deputy Chairperson shall preside and perform the functions of the Chairperson of the meeting.
(6) In the absence of both the Chairperson and Deputy Chairperson, the directors present shall elect one of their number to preside and perform the functions of Chairperson of the meeting.
(7) A quorum for meetings of the Board shall be any 6 directors.
(8) The decision of the Board shall be by a majority of votes and in addition to an original vote in any case in which the voting is equal, the Chairperson, Deputy Chairperson or other director presiding as Chairperson at the meeting shall have a casting vote.
(9) Minutes in proper form of each meeting shall be kept by the Secretary and shall be confirmed by the Chairperson or the Deputy Chairperson, as the case may be, as soon as practicable thereafter either by circulating the same or at a subsequent meeting.
(10) The Board may co-opt any one or more persons to attend any particular meeting of the Board for the purpose of assisting or advising the Board, except that no such co-opted person shall have the right to vote.