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Members of Board.
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7.—(1) The members of the Board shall be appointed by the Minister with the consent of the Minister for Finance and shall be not more than seven.
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(2) The period of office of a member of the Board shall be such period, not exceeding five years, as the Minister, with the consent of the Minister for Finance, may determine when appointing him.
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(3) A member of the Board whose term of office expires by effluxion of time shall be eligible for reappointment.
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(4) The Minister may, with the consent of the Minister for Finance, remove a member of the Board from office at any time.
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(5) A member of the Board may at any time resign his office as member by letter sent to the Minister.
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(6) Where a member of the Board is nominated either as a candidate for election to either House of the Oireachtas or as a member of Seanad Éireann, he shall thereupon cease to be a member of the Board.
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(7) A person who is for the time being entitled under the Standing Orders of either House of the Oireachtas to sit therein shall, while so entitled, be disqualified from becoming a member of the Board.
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