Deposit Protection Act · s 14

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

14.
Board may make by-laws
(1) The Board may make such by-laws as are necessary or expedient in relation to the administration, management, control, business, assets and affairs of the Corporation including —
(a) the functions, powers, duties, remuneration, benefits and terms and conditions of services, code of conduct or surcharge on officers, employees and agents of the Corporation;
(b) the conflicts of interest in respect of serving directors, officers and employees of the Corporation and those directors, officers and employees who have left the service of the Corporation;
(c) the appointment, terms of reference and activities of committees established by the Corporation;
(d) the rules and procedures to be observed by the directors at
Board meetings; or
(e) such other matters as may be required to be provided for under the by-laws in this Act.
(2) By-laws made under this section shall be binding on all persons to whom the by-laws apply.
(3) Any person who does not comply with the by-laws made under subsection (1)(b) is guilty of an offence under this Act.

Deposit Protection 16

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 14Board may make by-laws

(1)

The Board may make such by-laws as are necessary or expedient in relation to the administration, management, control, business, assets and affairs of the Corporation including —

(a)

the functions, powers, duties, remuneration, benefits and terms and conditions of services, code of conduct or surcharge on officers, employees and agents of the Corporation;

(b)

the conflicts of interest in respect of serving directors, officers and employees of the Corporation and those directors, officers and employees who have left the service of the Corporation;

(c)

the appointment, terms of reference and activities of committees established by the Corporation;

(d)

the rules and procedures to be observed by the directors at

Board meetings; or

(e)

such other matters as may be required to be provided for under the by-laws in this Act.

(2)

By-laws made under this section shall be binding on all persons to whom the by-laws apply.

(3)

Any person who does not comply with the by-laws made under subsection (1)(b) is guilty of an offence under this Act.

Deposit Protection 16