Deposit Protection Act · s 17

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s 17Appointments, terms and conditions of service

(1)

The Corporation may appoint such officers and employees as are necessary for carrying on the business and affairs of the Corporation and such officers and employees shall hold office for such periods, receive such

Deposit Protection salaries, allowances and benefits, and shall be subject to such terms and conditions of service as may be determined by the Board.

(2)

An officer or employee of the Corporation shall act in good faith and comply with such requirements, standards, duties and code of conduct as set out by the Board.

(3)

The Corporation may, with the approval of the Board, establish and maintain a pension or provident fund for its officers and employees out of the monies of the Corporation.