law: The Regional Rural Banks Act, 1976
  27. Defects in appointment
  
  or constitution not to invalidate acts or proceedings
  1.  No
  
  Act of a Chairman, acting in good faith, shall be invalid merely by reason of
  
  any defect in his appointment or in the procedure.
  2.  No
  
  act or proceeding of any Board of directors or of any committee of a Regional
  
  Rural Bank shall be invalid merely on the ground of the existence of any
  
  vacancy in, or defect in the constitution of, such Board or committee, as the
  
  case may be.
  3.  Acts
  
  done by a person, acting in good faith, as a director or member of a committee
  
  of a Regional Rural Bank shall be valid, notwithstanding that it may afterwards
  
  be discovered that his appointment was invalid by reason of any defect or
  
  disqualification or had terminated by virtue of any provision contained in any
  
  law for the time being in force:
  Provided that nothing in this section shall
  
  be deemed to give validity to any Act done by a director or a member of any
  
  committee of a Regional Rural Bank after his appointment has been shown to the
  
  Regional Rural Bank to be invalid or to have terminated.