Term and role of administrator

Current

(1)

A person appointed as an administrator of the board of a foundation must administer the foundation’s affairs for the term stated in the administrator’s appointment.

(2)

The Governor in Council may revoke the appointment for any reason before the term of appointment ends, either to appoint a different person as administrator or to appoint new members of the board.

(3)

While the appointment continues, the administrator constitutes the board instead of the members.

This Act’s bill:Explanatory memorandum Second reading speech

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51 Term and role of administrator