Section 13: Vacation of the seat of directors.

The Regional Rural Banks Act, 1976Central Act · Act 21 of 1976

(1) If a director--

(a) becomes subject to any disqualification specified in section 12, or

(b) is absent without leave of the Board for more than three consecutive meetings thereof,

his seat shall thereupon become vacant.

[(2) A director may resign his office by giving notice thereof in writing to the authority by which he was nominated; and, on such resignation being accepted, the director shall be deemed to have vacated his office.]

Where this provision sits

Act	The Regional Rural Banks Act, 1976
Section	13
Marginal note	Vacation of the seat of directors.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted. Subs. by s. 9, ibid., for sub-section (2) (w.e.f. 28-9-1988).

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