First Nations Fiscal Management Act

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.