No act or proceeding of a 1[Corporation or its Board] shall be invalid
by reason only of the existence of any vacancy 2[in its Board] or any defect in the constitution thereof.
1. Subs. by s. 16 and the Schedule, ibid., for "Corporation" (w.e.f. 13-11-1982).
2. Subs. by s. 16 and the Schedule, ibid., for "amongst its members" (w.e.f. 13-11-1982).