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CA 459 Section 43

Section 43

SEC. 43. The orders and resolutions of the Board of Directors shall be carried out by a General Manager, who shall be the chief executive of the Agricultural and In­dustrial Bank, and one or more Assistant General Man­agers, who shall assist the General Manager. Said offi­cers shall be paid salaries to be fixed by the Board of Directors with the approval of the President of the Phil­ippines. In the event of the absence of the General Man­ager or of his incapacity to act, the Board of Directors shall designate the Assistant General Manager who shall take his place. The General Manager and the Assistant General Managers shall be appointed by the Board of Directors, with the approval of the President of the Phil­ippines, and may be removed in like manner. DUTIES AND POWERS OF THE GENERAL MANAGER

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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