Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter IX : Co-Operative Banks Development Agency

Part 2 : Governance of Agency

61. Chairperson and deputy chairperson
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(1)
(a)The Minister appoints the chairperson and deputy chairperson from among the members of the Agency appointed under section 58.
(b)The chairperson and deputy chairperson each hold office for a period of three years from the date of their appointment.

[Section 61(1)(b) amended by section 254 of Act No. 45 of 2013]

 

(2)If the chairperson is absent or for any reason unable to perform his or her functions as chairperson, the deputy chairperson must act as chairperson, and while he or she so acts he or she has all the powers and must perform all the duties of the chairperson.