93Election or appointment of directors

#### 93 Election or appointment of directors 93 Election or appointment of directors > > (1) Subject to this Act, the directors of a society are elected or appointed, hold and vacate office, and retire or are removed from office, as prescribed by the society’s rules. > > > (2) A director holds office for a term (not longer than 3 years) as is prescribed by the society’s rules. > > > (3) Despite subsection (2), in relation to a director elected at an annual general meeting of a society, the society’s rules may specify a term of office ending at the start of the third annual general meeting of the society happening after the election. > > > (4) A director is eligible for re-election or reappointment at the end of the director’s term. > > > (5) The directors must be elected— > > > > > (a) at the annual general meeting of the society, or > > > > > (b) by postal voting under the society’s rules, or > > > > > (c) in such other way as is prescribed by the society’s rules. > > > (6) If the directors are elected by postal voting, the society must cause the results of the election to be announced at the society’s next annual general meeting.