A majority of the members of the Board shall constitute quorum for all purposes and the agreements shall be adopted with the affirmative vote of the majority of those present. No absence or vacancy of any of the members of the Board shall present the latter, once quorum is achieved, from exercising all its rights and performing all its duties. Except when the regulations of the trust so prohibits or restricts it, any necessary or permitted action during any meeting of the Board or of any committee designated by the Board pursuant to the faculties this chapter confers to it shall be authorized without the need of a meeting, provided all the members of the Board or the committee of the Board, as the case may be, give their written consent to said action. In that case, the written document shall be included in the minutes of the Board or the committee of the Board, as the case may be. Except when the regulations of the trust provide otherwise, the members of the Board or of any committee of the Board, may participate in any meeting of the Board of any committee of the latter, respectively, through telephone conference or other means of communication through which all persons participating in the meeting may be heard simultaneously. The participation of any member of the Board or of any committee thereof in the form described, above shall constitute attendance to said meeting. Provided, That said meeting shall be subject to a call issued at least twenty-four hours prior to said meeting.
History —Nov. 21, 2002, No. 271, § 5.