4. Notwithstanding sections 2 and 3, a meeting of the board of directors is considered to be regularly held if all the directors are in attendance and waive notice of meeting or if, where they are not in attendance or not physically present at the place where the meeting of the board of directors is held, all of the directors participate in a conference telephone call and waive notice of meeting.
O.C. 1725-84, s. 4; O.C. 674-90, s. 3.