volume of its business the Registrar may authorize the society in writing to carry on business with three directors and the society may act accordingly. (8) Meetings of the board shall be held as often as S. 48(8) amended by may be necessary for properly conducting the No. 8298 business and operations of the society, but shall be s. 4(2). held at least quarterly, and a quorum of a meeting of the board shall be as prescribed by the rules of the society but shall not in any case be less than half the number of directors. (9) The chairman of the board shall be elected by the board in accordance with the rules of the society, and shall hold office and retire, and may be removed from office, as prescribed by the rules of the society. (10) The directors shall hold office and retire, and may be removed from office, as prescribed by the rules of the society. (11) The office of a director shall be vacated in such circumstances, if any, as may be prescribed by the rules of the society, and in any of the following cases, that is to say— (a) if he becomes bankrupt or insolvent or assigns his estate for the benefit of or compounds with his creditors; (b) if he becomes of unsound mind or becomes a S. 48(11)(b) substituted by patient within the meaning of the Mental No. 7332 s. 2(Sch. 1 Health Act 2014; item 16), amended by Nos 59/1986 s. 143(2), 26/2014 s. 455(Sch. item 4).
volume of its business the Registrar may authorize the society in writing to carry on business with three directors and the society may act accordingly. S. 48(8) amended by No. 8298 s. 4(2). (8) Meetings of the board shall be held as often as may be necessary for properly conducting the business and operations of the society, but shall be held at least quarterly, and a quorum of a meeting of the board shall be as prescribed by the rules of the society but shall not in any case be less than half the number of directors. (9) The chairman of the board shall be elected by the board in accordance with the rules of the society, and shall hold office and retire, and may be removed from office, as prescribed by the rules of the society. (10) The directors shall hold office and retire, and may be removed from office, as prescribed by the rules of the society. (11) The office of a director shall be vacated in such circumstances, if any, as may be prescribed by the rules of the society, and in any of the following cases, that is to say— (a) if he becomes bankrupt or insolvent or assigns his estate for the benefit of or compounds with his creditors; S. 48(11)(b) substituted by No. 7332 s. 2(Sch. 1 item 16), amended by Nos 59/1986 s. 143(2), 26/2014 s. 455(Sch. item 4). (b) if he becomes of unsound mind or becomes a patient within the meaning of the Mental Health Act 2014;
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