As enactedVersion · As enacted
Regional Development Banks Act 1997 · As enacted · Part II · Management of the Bank
7. Constitution of
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
(1)
The Board shall consist of not less than five and not the Board.
more than twelve nominated and elected directors, nominated or elected as the case may be, under section 8 or 9 of this Act.
(2)
Notwithstanding the provisions of subsection (1), until the first Annual General Meeting of the Bank is held, the
Board shall consist only of the nominated directors.