Acts and Regulations

N-6 - New Brunswick Housing Act

Section 4
Disposition versions

Full text
Appointment of directors
4(1)The board of directors of the Corporation shall consist of
(a) the Minister, who shall be Chair,
(b) the President and Chief Executive Officer, who shall be Vice-Chair, and
(c) not fewer than three and not more than eight other persons.
4(2)The directors appointed under paragraph (1)(c) shall be appointed by the Lieutenant-Governor in Council.
4(3)A director appointed under paragraph (1)(c)
(a) shall be appointed for a term not to exceed three years,
(b) shall hold office at the pleasure of the Lieutenant-Governor in Council, and
(c) may be reappointed for one additional term not to exceed three years.
4(4)Where a vacancy occurs among the directors of the Corporation appointed under paragraph (1)(c), the Lieutenant-Governor in Council may appoint a person to fill the vacancy for the balance of the term of the director replaced.
4(5)A vacancy on the board of directors of the Corporation does not impair the right of the board of directors to act if a quorum of the directors of the Corporation remains in office.
4(6)The board of directors may by resolution delegate to the President and Chief Executive Officer or to any servant, agent or employee of the Corporation any of the powers and duties set out in paragraphs 10(1)(g) to (i).
1967, c.17, s.4; 1968, c.42, s.3; 1976, c.13, s.2; 1980, c.37, s.2; 1983, c.58, s.1; 1986, c.60, s.2; 2023, c.25, s.1
Appointment of directors
4(1)There shall be a board of directors of the Corporation consisting of ten persons, namely
(a) the Minister, who shall be the chairman of the board of directors,
(b) the President, who shall be the vice-chairman of the board of directors, and
(c) eight other persons.
4(2)The President and the directors appointed under paragraph (1)(c) shall be appointed by the Lieutenant-Governor in Council.
4(3)A director appointed under paragraph (1)(c)
(a) shall be appointed for a term not to exceed three years,
(b) shall hold office at the pleasure of the Lieutenant-Governor in Council, and
(c) may be reappointed for one additional term not to exceed three years.
4(4)Where a vacancy occurs among the directors of the Corporation appointed under paragraph (1)(c), the Lieutenant-Governor in Council may appoint a person to fill the vacancy for the balance of the term of the director replaced.
4(5)A vacancy on the board of directors of the Corporation does not impair the right of the board of directors to act if a quorum of the directors of the Corporation remains in office.
4(6)The board of directors may by resolution delegate to the President or to any servant, agent or employee of the Corporation any of the powers and duties set out in paragraphs 10(1)(g) to (i).
1967, c.17, s.4; 1968, c.42, s.3; 1976, c.13, s.2; 1980, c.37, s.2; 1983, c.58, s.1; 1986, c.60, s.2
Appointment and remuneration of directors
4(1)There shall be a board of directors of the Corporation consisting of ten persons, namely
(a) the Minister, who shall be the chairman of the board of directors,
(b) the President, who shall be the vice-chairman of the board of directors, and
(c) eight other persons.
4(2)The President and the directors appointed under paragraph (1)(c) shall be appointed by the Lieutenant-Governor in Council.
4(3)A director appointed under paragraph (1)(c)
(a) shall be appointed for a term not to exceed three years,
(b) shall hold office at the pleasure of the Lieutenant-Governor in Council, and
(c) may be reappointed for one additional term not to exceed three years.
4(4)Where a vacancy occurs among the directors of the Corporation appointed under paragraph (1)(c), the Lieutenant-Governor in Council may appoint a person to fill the vacancy for the balance of the term of the director replaced.
4(5)A vacancy on the board of directors of the Corporation does not impair the right of the board of directors to act if a quorum of the directors of the Corporation remains in office.
4(6)The board of directors may by resolution delegate to the President or to any servant, agent or employee of the Corporation any of the powers and duties set out in paragraphs 10(1)(g) to (i).
1967, c.17, s.4; 1968, c.42, s.3; 1976, c.13, s.2; 1980, c.37, s.2; 1983, c.58, s.1; 1986, c.60, s.2