As enactedVersion · As enacted
7. Interim Committee of Manage-ment
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(1)
Where a Committee of Mantgement of a Credit
Council has been dissolved under section 5, or where there is no Committee of Management in respect of a Credit
Council, the Director shall nominate an Interim Committee of Management, consisting of not more than five members, for the purpose of administering the affairs of the Com-mittee of Management until the members of a new Com-mittee of Management is appointed and nominated under subsection (1) of section 5.
(2)
The Director shall appoint the Chairman and the
Secretary of each such Interim Committee of Management from among the persons nominated by him uncer sub-section (1).