Board chair and vice chair -- Quorum.

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  • (1)
    • (a) The state treasurer is the chair of the board.
    • (b) The chair shall faithfully represent the will of the board to the extent the board's will is consistent with state law.
  • (2)
    • (a) The board shall annually select a vice chair from its membership.
    • (b) The vice chair shall act as chair in the absence of the chair.
  • (3)
    • (a) Three members of the board constitute a quorum for the purpose of holding a meeting.
    • (b) Unless otherwise specified in this title, an action of the board requires the affirmative vote of at least three members.




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