537.720. Board, meetings--quorum--expenses.
Board, meetings--quorum--expenses.
537.720. 1. The board shall meet in Jefferson City,Missouri, upon the written call of the chairman or by theagreement of any three members of the board. Notice of themeeting shall be delivered to all other trustees in person or bydepositing notice in a United States post office in a properlystamped and addressed envelope not less than six days prior tothe date fixed for the meeting. The board may meet at any timeby unanimous mutual consent. There shall be at least one meetingin each quarter.
2. Four trustees shall constitute a quorum for thetransaction of business, and any official action of the boardshall be based on a majority vote of the trustees present.
3. The trustees shall serve without compensation but shallreceive from the fund their actual and necessary expensesincurred in the performance of their duties for the board.
4. Duties performed for the fund by any member of the boardwho is an employee of a public entity shall be considered dutiesin connection with the regular employment of such individual, andhe shall suffer no loss in regular compensation by reason of theperformance of such duties.
(L. 1986 H.B. 1435 & 1461)Effective 6-20-86