The board of directors shall deliberate validly only where at least half of its members are present.
Any clause to the contrary shall be deemed unenforceable.
The decisions of the board of directors shall be taken by a simple majority of the members present or represented, unless the articles provide for a stronger majority. In the event of a tie, the chairman shall have the casting vote, unless otherwise provided for in the articles.
Any decision taken in violation of the provisions of this Article shall be null and void.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 80
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 316 of the Acte uniforme relatif au droit des sociétés coopératives/akn/ohada/act/loi/2010-12-15/auscoop-2010
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