First Nations Fiscal Management Act
Version of section 61 from 2005-03-23 to 2006-03-31:
The following provision is not in force.
Marginal note:Board of Directors
61 (1) The Authority shall be managed by a board of directors, consisting of from 5 to 11 directors, including a Chairperson and Deputy Chairperson.
Marginal note:Nomination of directors
(2) A representative of a borrowing member may nominate
(a) a representative of a borrowing member for election as Chairperson or Deputy Chairperson; and
(b) any representative for election as a director other than the Chairperson or Deputy Chairperson.
Marginal note:Election of directors
(3) Directors shall be elected by representatives of borrowing members.
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