State Bank of India Act,1955
Act No : 23
Section :
Term of office of members of Local Board.
1*[ Term of office of members of Local Board.- 2*[(1) Subject to the provisions contained in this section and in sub-section (2) of section 21, a member of a Local Board-- (a) nominated under clause (c) of sub-section (1) of section 21 shall hold office for such term, not exceeding three years, as the Central Government may specify in this behalf and thereafter until his successor has been duly nominated; (b) elected under clause (d) of sub-section (1) of section 21 shall hold office for three years and thereafter until his successor has been duly elected, and shall be eligible for re-nomination or re-election, as the case may be: Provided that no such director shall hold office continuously for a period exceeding six years.] 3* * * * * (3) A director of the Central Board becoming a member of a Local Board by virtue of the provisions of clause (b) of sub-section (1) of section 21 shall cease to hold office as such member on his ceasing to be a director or on his ceasing to be ordinarily resident in the relevant area. (4) The president and the vice-president of a Local Board shall each hold office for two years or the remaining period of his office as a member of the Local Board, whichever is shorter, and shall be eligible for reappointment so long as he is a member of the Local Board. 4*[(5) A member of a Local Board nominated under clause (c) of sub-section (1) of section 21 shall hold office during the pleasure of the Central Government.]
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