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Amendment of section 17 of Act of 1993
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60. Section 17 of the Act of 1993 is amended—
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(a) in subsection (2)—
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(i) by the substitution of “Subject to subsection (3), the articles” for “The articles”,
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(ii) in paragraph (a), by the substitution of “7, 8 or 9” for “9”,
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(iii) in paragraph (c)(i), by the substitution of “not more than 5 years” for “4 years”, and
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(iv) by the deletion of paragraph (f),
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and
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(b) by the insertion of the following subsection after subsection (2):
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“(3) Paragraphs (a) and (b) of subsection (2) shall not apply to a director of the company who is such director by virtue of section 38(6).”.
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