Section 15
Actions and proceedings of Board not affected by vacancy, etc.
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 15 of 236
Section 15
The Board may act notwithstanding any vacancy and its proceedings shall not be invalidated by—
(a)
the absence of any director;
(b)
any defect afterwards discovered in the appointment or qualification of any director or the constitution of the
Board;
(c)
any omission, defect or irregularity in the convening or conduct of a meeting; or
(d)
the presence or participation of a person who is not a director of the Board.