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Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

Part II : Management of Bank

9. Appointment and term of office of Board member

 

 

(1) The Minister may appoint a Board member for such period as the Minister may determine in the case of each member but such period may not exceed five years.

 

(2) Any Board member may after the expiry of his or her term of office be reappointed as a Board member unless he or she—
(a) was removed from his or her office by the Minister in terms of section 12; or
(b) has become disqualified in terms of section 10 to serve as a member of the Board.

 

(3) Despite subsection (1), the Minister may, before the term of office of any Board member has expired, extend the term of office of a Board member until a new Board has been appointed, but the period of that extension may not exceed six months.