Sec. 4. The Board of Directors shall elect its chairman from among its members. Three members of the board shall constitute a quorum for the transaction of business. The members, if not Government officials or employees, shall each receive such per diems as may be determined by the board, not to exceed thirty pesos for each day of meeting actually attended by them.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationCA 441 Section 4 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
