Document ID: chunk:federal_register_of_legislation:C2024C00696:section:25h
Version: federal_register_of_legislation:C2024C00696
Segment Type: section
Provision Reference: s 25H
Character Range: 36663–37455

25H  Resolutions without meetings
  A resolution is taken to have been passed at a meeting of the Payments System Board if:
 (a) the Payments System Board has determined:
 (i) that resolutions may be passed in accordance with this section; and
 (ii) the method of indicating agreement with a resolution passed in accordance with this section; and
 (b) without meeting, a majority of the members indicate agreement with the resolution in accordance with the method determined by the Payments System Board; and
 (c) the majority would have constituted a quorum at a meeting of the Payments System Board; and
 (d) all members were informed of the proposed resolution, or reasonable efforts were made to inform all members of the proposed resolution.

Division 3—Other administrative provisions