(a) The Board shall hold regularly scheduled business meetings at least once in each quarter of a calendar year, and at such times as the president deems necessary, or, at the request of a majority of Board members.
(b) The Board annually shall elect a president and vice-president. Each officer shall serve for 1 year and may not serve more than 2 consecutive terms.
(c) A majority of the members constitutes a quorum for the purpose of transacting business. No disciplinary action may be taken without the affirmative vote of at least 3 members of the Board.
(d) Minutes of all meetings shall be recorded and delivered to the Division in a timely manner following the meeting. At any hearing where evidence is presented, a record from which a verbatim transcript can be prepared shall be made. The person requesting the transcript shall incur the cost of preparing any transcript.