(1) The board must meet at least 4 times a year.
(2) The chair is to preside at all meetings of the board but, in the absence of the chair, the vice chair must preside.
(3) In the absence of the chair and the vice chair, the directors who are present must designate one of those present to preside.
(4) A majority of the directors holding office constitutes a quorum at meetings of the board.
(5) The affirmative votes of the majority of the directors present at a meeting of the board at which a quorum is present are sufficient to pass a resolution or bylaw of the corporation.
(6) A director may participate in, and vote at, a meeting of the board
(a) in person, or
(b) by telephone or other communications medium if all directors participating in the meeting, whether by telephone, by other communications medium or in person, are able to communicate with each other.
(7) A director who participates in a meeting in a manner contemplated by subsection (6) (b) is deemed to be present in person at the meeting.
(8) A resolution in writing, signed by all the directors and placed with the minutes of the directors, is as valid and effective as if regularly passed at a meeting of directors.