220. Decisions of pension fund trustees to be taken by majority.

Decisions of the trustees of a trust scheme1 may, unless the scheme provides otherwise, be taken by agreement of a majority of the trustees2. Where decisions of the trustees of a trust scheme may be taken by agreement of a majority of the trustees:

  1.  

    (1)     the trustees may, unless the scheme provides otherwise, by a determination require not less than the number of trustees specified in the determination to be present when any decision is so taken3; and

  2.  

    (2)     notice of any occasions at which decisions may be so taken must, unless the occasion falls within a prescribed