Amendment status not verified — confirm the current text below against the official source.
(1) The Corporation shall meet at such time and place and shall observe such rules of procedure in regard to the transaction of business at its meetings (including the quorum at such meeting) as may be provided by regulations. [(2) The Chairman or, if for any reason he is unable to attend any meeting, the Vice-Chairman or, if for any reason he is also unable to attend any meeting, any other director elected by the directors present at the meeting, shall preside at the meeting of the Corporation.] (3) All the questions which come up before any meeting of the Corporation shall be decided by a majority of the votes of directors present and voting, and in the event of an equality of votes, [the Chairman or, in his absence, the Vice- Chairman or, in the absence of both the Chairman and the Vice-Chairman,] the person presiding, shall have and exercise a second or casting vote.