1989 Ed.]
The Hongkong and Shanghai Bank Regulations
[CAP. 70
A 5
[Subsidiary]
Regulation
102. Chairman and deputy chairman
103. Who to preside at meetings of board
104. Powers of quorum
105. Delegation of powers by board
106. Proceedings of committee
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A 41
A 42
A 42
A 42
107. Acts of directors or committee valid notwithstanding defective appointment
A 42
Powers of the board
108. Board to have general control of business
109. Powers exercisable by board: general and specific
A 43
A 43
Board minute book
110. Entries in minute book.
A 47
111. Record of board meeting unimpeachable except for irregularity appearing on record
A 47
112. Entries in minute book prima facie evidence
A 47
113.
114. Record of board meeting binding on shareholders Unrescinded order or resolution to be binding.
A 48
A 48
Executive directors, chairman and secretary
115. Executive directors
A 48
116. Chairman
A 48
117. Secretary
A 49
118. Local management
Management of business outside Hong Kong; local committee; delegation of powers; regulation 89; powers of attorney and delegation by attorneys........
119. (Repealed)
The common seal
120. Custody, attestation and change
A 49
A 50
A 50
The official seal
121. Official and securities seals
A 51
Capitalization of undivided profits
122. Method of Distribution
A 51
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