Validity of proceedings notwithstanding formal defectsU.K.
11(1)The validity of proceedings of the directors is not affected by any vacancy among the directors.U.K.
(2)Acts done by the directors, by a committee of directors or by any person acting as director are valid notwithstanding that it is afterwards discovered—
(a)that there was some defect in the appointment of any such director or person acting as director; or
(b)that any such director or person acting as director was disqualified from acting on grounds of interest or had ceased to hold office as director by virtue of paragraph 3(2).