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First Nations Fiscal Management Act

Version of section 61 from 2005-03-23 to 2006-03-31:

The following provision is not in force.

Marginal note:Board of Directors

  •  (1) The Authority shall be managed by a board of directors, consisting of from 5 to 11 directors, including a Chairperson and Deputy Chairperson.

  • Marginal note:Nomination of directors

    (2) A representative of a borrowing member may nominate

    • (a) a representative of a borrowing member for election as Chairperson or Deputy Chairperson; and

    • (b) any representative for election as a director other than the Chairperson or Deputy Chairperson.

  • Marginal note:Election of directors

    (3) Directors shall be elected by representatives of borrowing members.

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