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National Empowerment Fund Act, 1998 (Act No. 105 of 1998)

15. Proceedings of Board not invalid in certain circumstances

 

 

A decision taken by the Board or an act performed under the authority of such a decision must not be invalid by reason of—

(a)        an irregularity in the appointment of a trustee;

(b)        a vacancy on the Board;

(c)        the fact that a trustee is guilty of an act or omission justifying his or her removal from office; or

(d) the fact that any person who is disqualified from being a trustee or who was removed from that office sat as such on the Board at the time when such decision was taken,

if such decision was taken by a majority of the trustees lawfully entitled to vote and the said trustees at the time constituted a quorum.