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(3) The chairperson may resign by letter sent to the Minister and the resignation shall, unless previously withdrawn in writing, take effect at the commencement of the meeting of the Board held next after the Board has been informed by the Minister of the resignation.
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(4) Unless he or she sooner dies or otherwise ceases to be chairperson under subsection (2) or (3), the chairperson holds office until the end of his or her term of office and, if reappointed as a member of the Board, is eligible to be reappointed as chairperson.
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