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Agricultural Credit Act, 1978

Directors.

[cf. 1961, s. 10.]

10.—(1) The number of directors of the Corporation (including the chairman) shall not be less than three or more than seven.

(2) If, at the time appointed by the articles of association of the Corporation for appointment of the directors, the Minister holds not less than one half in nominal value of the issued capital of the Corporation, he shall be entitled to nominate a majority (being the smallest majority in any particular case) of the directors.

(3) The remuneration of the chairman and the other directors shall be determined from time to time by the Minister for the Public Service.