Victorian Current Acts

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TREASURY CORPORATION OF VICTORIA ACT 1992 - SECT 19

Proceedings of the Board

    (1)     Four directors constitute a quorum of the Board.

    (2)     A question arising at a meeting shall be determined by a majority of votes of directors present who are eligible to vote, and vote, on that question, and if voting is equal, the Chairperson has a casting, as well as a deliberative, vote.

    (3)     The Board must—

        (a)     cause all minutes of all proceedings of its meetings to be entered, within one month after the relevant meeting is held, in books kept for that purpose; and

        (b)     cause those minutes to be signed by the person who presided at the meeting at which the proceedings took place or by the person presiding at the next succeeding meeting; and

        (c)     cause a copy of the minutes of each meeting to be given to the Treasurer within three days after the meeting at which they are so signed.

    (4)     Any minute that is so entered and purports to be so signed is evidence of the proceedings to which it relates.

    (5)     If minutes have been so entered and signed, then, unless the contrary is proved—

        (a)     the meeting shall be deemed to have been duly held and convened; and

        (b)     all proceedings that are recorded in the minutes as having taken place at the meeting shall be deemed to have duly taken place; and

        (c)     all appointments that are recorded in the minutes as having been made at the meeting shall be deemed to have been validly made.

    (6)     Subject to this Act, the Board may regulate its own proceedings.



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