Common use of Insufficient Directors Clause in Contracts

Insufficient Directors. The continuing Directors may act notwithstanding any vacancy in their body, but if the number falls below the minimum fixed in accordance with Article 79, the Directors may act only for the purpose of summoning a general meeting or in emergencies, but for no other purpose.

Insufficient Directors. The Yhe continuing Directors may act notwithstanding any vacancy in their body, but if the number falls below the minimum fixed in accordance with Article 79T9, the Directors may act only for the purpose of summoning a general meeting or in emergencies, but for no other purpose.