Housing Development Finance Corporation of Sri Lanka Act 1997 · As enacted · Part I · Establisiiment of Housiing Development Finance Corporation of Sri Lanka
5. Chairman of the-Board
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The Directors shall elect from among themselves, a Chairman of the Board.
The Chairman may resign from the office of Chairman by letter in that behalf addressed to the Board.
The Board may, by resolution, remove the Chairman from office.
Subject to the provisions of subsections (2) and (3), the term of office of the Chairman shall be his period of membership of the Board.
Where the Chairman is by reason of ill-health, absence from Sri Lanka or other cause temporarily unable to perform the duties of his office, the directors shall elect a person from among themselves to act in the place of Chairman.
Housing Development Finance Corporation of — 7