sec.59Interim board of directors and chief executive officer for candidate GOC associate or associate subsidiary

### sec.59 Interim board of directors and chief executive officer for candidate GOC associate or associate subsidiary A regulation may provide— that a candidate GOC associate or associate subsidiary is to have an interim board of directors and chief executive officer; and for the role of the interim board of directors. The directors on the interim board go out of office— for a candidate GOC associate—when the associate becomes a GOC; or for an associate subsidiary—when the candidate GOC associate of which it is a subsidiary becomes a GOC. s 59 ins 1994 No. 31 s 25 amd 1998 No. 21 s 11 (sec.59-ssec.1) A regulation may provide— that a candidate GOC associate or associate subsidiary is to have an interim board of directors and chief executive officer; and for the role of the interim board of directors. (sec.59-ssec.2) The directors on the interim board go out of office— for a candidate GOC associate—when the associate becomes a GOC; or for an associate subsidiary—when the candidate GOC associate of which it is a subsidiary becomes a GOC. - (a) that a candidate GOC associate or associate subsidiary is to have an interim board of directors and chief executive officer; and - (b) for the role of the interim board of directors. - (a) for a candidate GOC associate—when the associate becomes a GOC; or - (b) for an associate subsidiary—when the candidate GOC associate of which it is a subsidiary becomes a GOC.