Section 403. Meetings of the Board.

(a) The Board of Governors may meet at such place within or without this Commonwealth and at such time as the Board may from time to time appoint, or as may be designated in a notice of a special meeting.

(b) The Board shall meet immediately prior to the Annual Meeting and the Mid-Year Meeting and immediately after each Annual Meeting.

(c) Special meetings of the Board shall be held whenever called by the President or by five or more Governors. Notice of a special meeting shall be given to each Governor at least five days before the time at which