(a) Apportionment or distribution of net proceeds, savings or losses.
(b) Selection of officers.
(c) Filling of vacancies in the board or the executive committee.
(2) The board may elect other directors as alternates for members of the executive committee.
(3) Designation of an executive committee and the delegation thereto of authority shall not operate to relieve the board or any member thereof of any responsibility imposed upon the board or member by law. [1957 c.716 §25]