As enactedVersion · As enacted
5. Board of Directore
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(1)
The affairs of the Corporation shall, subject to the rules in force for the time being of the Corpora-tion, be administered by a Board of Directors consist-ing of such number of persons to be elected in accord-ance with the rules in force for the time being of tite
Corporation.
(2)
The first Board of Directors of the Corporation shal] be the Board of Directors of the Association holding office at the time of the coming into operation of this Act.