(1) The State Board of Collection Agencies shall meet and shall select from its membership a chair, vice chair, and secretary.
(2) No one (1) member of the board shall hold more than one (1) of the offices.
(3) Meetings of the board shall be held upon the written call of the chair of the board or upon the written request of two (2) members of the board.
(4) A majority of the board shall constitute a quorum.