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Chairman of Board.
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9.—(1) The Minister shall, with the consent of the Minister for Finance, from time to time as occasion requires appoint a member of the Board to be chairman thereof.
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(2) The chairman of the Board shall, unless he sooner dies, resigns the office of chairman or ceases to be chairman under subsection (4), hold office until the expiration of his period of office as a member of the Board.
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(3) The chairman of the Board may at any time resign his office as chairman by letter sent to the Minister, and the resignation shall, unless it is previously withdrawn in writing, take effect at the commencement of the meeting of the Board held next after the Board has been informed by the Minister of the resignation.
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(4) Where the chairman of the Board ceases during his term of office as chairman to be a member of the Board, he shall also then cease to be chairman of the Board.
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