Financial Intermediaries Act 1996
sec.254Directors
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sec.254 Directors
An existing term of office of a director of a continuing society that is not due to end until 3 years or more after the commencement ends at the end of the third annual general meeting of the society after the commencement. Subsection (1) does not, by implication, prevent the office of the director becoming vacant at an earlier time. (sec.254-ssec.1) An existing term of office of a director of a continuing society that is not due to end until 3 years or more after the commencement ends at the end of the third annual general meeting of the society after the commencement. (sec.254-ssec.2) Subsection (1) does not, by implication, prevent the office of the director becoming vacant at an earlier time.