First directors-period of appointment

Current

(1)

This item applies if a person is taken to be appointed as a director of a transitional corporation under subitem 35(1).

(2)

The person's period of appointment as director under that subitem is taken to end at the time the person's term as a member of the corporation's Governing Committee would have ended if the old Act had not been repealed.

(3)

This item has effect despite subsection 246‑25(2) of the new Act.

This Act’s bill:Explanatory memorandum Second reading speech

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36 First directors-period of appointment