Republic Acts1 min read
Section 41March 10, 1990, Sec./Art. 41
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Meeting of the Board, Quorum. - (1) Regular meetings of the board of directors of every cooperative shall be held monthly, unless the by-laws provide otherwise.
(2) Special meetings of the board of directors may be held at any time upon the call of the President or as provided in the by-laws.
(3) A majority of the members of the board shall constitute a quorum for the conduct of business, unless the by-laws provide otherwise.
(4) Directors cannot attend or vote by proxy at board meetings.
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