sec.241Nomination by entities for membership of board

sec.241 Nomination by entities for membership of board

This section applies for the nomination of a person for membership of the board by an entity or entities mentioned in any of paragraphs (c) to (h) or (i) (ii) of section 239 (1) . The Minister must give the entity or entities a notice stating a reasonable time within which it or they may nominate a person for the membership. If the entity does not nominate, or the entities do not nominate jointly, a person within the time stated in the notice, the Minister may nominate a person for the membership and the nomination is taken to have been made by the entity or entities. A person nominated under subsection (3) must be a person whom the entity or entities may nominate for membership of the board as stated in section 239 (1) . (sec.241-ssec.1) This section applies for the nomination of a person for membership of the board by an entity or entities mentioned in any of paragraphs (c) to (h) or (i) (ii) of section 239 (1) . (sec.241-ssec.2) The Minister must give the entity or entities a notice stating a reasonable time within which it or they may nominate a person for the membership. (sec.241-ssec.3) If the entity does not nominate, or the entities do not nominate jointly, a person within the time stated in the notice, the Minister may nominate a person for the membership and the nomination is taken to have been made by the entity or entities. (sec.241-ssec.4) A person nominated under subsection (3) must be a person whom the entity or entities may nominate for membership of the board as stated in section 239 (1) .