sec.40CFoundation committee

### sec.40C Foundation committee The board may establish a committee of the board (the foundation committee ). A person may be appointed as a member of the foundation committee whether or not the person is a member of the board. However, at least 2 members of the foundation committee must be members of the board. In appointing a person to the foundation committee, the board must have regard to the person’s ability to take part in the exercise of— the foundation committee’s powers under section 40E (3) ; and the powers delegated to the foundation committee under section 40 . The board may make available to the foundation committee any property the board considers appropriate to assist the foundation committee in performing its function. The board must— decide the name of the foundation committee; and decide the conditions of membership to the foundation committee; and endorse the constitution for the foundation committee. The board may decide matters about the foundation committee that are not provided for under this Act. The board may dissolve the foundation committee at any time. s 40C ins 2012 No. 24 s 7 (sec.40C-ssec.1) The board may establish a committee of the board (the foundation committee ). (sec.40C-ssec.2) A person may be appointed as a member of the foundation committee whether or not the person is a member of the board. (sec.40C-ssec.3) However, at least 2 members of the foundation committee must be members of the board. (sec.40C-ssec.4) In appointing a person to the foundation committee, the board must have regard to the person’s ability to take part in the exercise of— the foundation committee’s powers under section 40E (3) ; and the powers delegated to the foundation committee under section 40 . (sec.40C-ssec.5) The board may make available to the foundation committee any property the board considers appropriate to assist the foundation committee in performing its function. (sec.40C-ssec.6) The board must— decide the name of the foundation committee; and decide the conditions of membership to the foundation committee; and endorse the constitution for the foundation committee. (sec.40C-ssec.7) The board may decide matters about the foundation committee that are not provided for under this Act. (sec.40C-ssec.8) The board may dissolve the foundation committee at any time. - (a) the foundation committee’s powers under section 40E (3) ; and - (b) the powers delegated to the foundation committee under section 40 . - (a) decide the name of the foundation committee; and - (b) decide the conditions of membership to the foundation committee; and - (c) endorse the constitution for the foundation committee.