Paragraph 15
A meeting of the Fund trustees is quorate if—
(a)
3 or more Fund trustees are present, or
(b)
where fewer than 3 Fund trustees hold office, if both trustees are (or the sole trustee is) present.
A meeting of the Fund trustees is quorate if—
3 or more Fund trustees are present, or
where fewer than 3 Fund trustees hold office, if both trustees are (or the sole trustee is) present.