Commentary

83 Retirement of co-opted directors

BUILDING SOCIETIES vol 6(1)
| Commentary

83 Retirement of co-opted directors

| Commentary

83 Retirement of co-opted directors

The tenure of office of a co-opted director begins with the date of his appointment and ends with whichever of the following first occurs (this period is called ‘the permitted period’): in the case of a building society which elects its directors at its annual general meeting, the conclusion of the next such meeting following his appointment; in the case of a building society which elects its directors by postal ballot, the declaration at its annual general meeting of the result of the next such ballot conducted after his appointment; or the expiration of the

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