New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The directors appointed under section 4(1)(a) shall hold office for a term of 3 years or such lesser term as the Minister shall specify in the notice of appointment, and, subject to subsection (4) of this section, may from time to time be reappointed.
(2) The directors elected under section 4(1)(b) shall hold office for a term of 3 years and, subject to subsection (4) of this section and to any rules of the Trust, may from time to time be re-elected.
(3) Subject in the case of any director elected under section 4(1)(b) to any rules of the Trust, every director holding office at the commencement of this section is hereby deemed to have been appointed for a term of 3 years commencing on the date of his appointment or election.
(4) No person, whether appointed or elected as a director, shall be eligible to be a director for more than 9 years in total, and any director who holds office for 9 years shall be deemed to have resigned his office on the day on which the ninth year of service is completed.
(5) For the purposes of subsection (4), any time spent as a director before the commencement of this section shall be counted in calculating the total period for which any director has held office.
(6) Unless he sooner dies or vacates his office under section 7, every director shall continue in office until his successor comes into office, notwithstanding that the term for which he was appointed has expired or his eligibility to remain a director has ceased.
Section 6: substituted, on 12 December 1983, by section 2 of the Queen Elizabeth the Second National Trust Amendment Act 1983 (1983 No 90).
Section 6(1): amended, on 12 June 1991, by section 4(a) of the Queen Elizabeth the Second National Trust Amendment Act 1991 (1991 No 37).
Section 6(2): amended, on 12 June 1991, by section 4(b) of the Queen Elizabeth the Second National Trust Amendment Act 1991 (1991 No 37).
Section 6(3): amended, on 12 June 1991, by section 4(c) of the Queen Elizabeth the Second National Trust Amendment Act 1991 (1991 No 37).
