Committees.
Section 46
SEC. 46. Committees.— An executive committee of the board of directors may be created in such manner and with such powers and duties, subject to the general direction and control of the board, as the by-laws may prescribe. The regulations and by-laws may also provide for the creation of other committees to exercise such powers and perform such duties as may be conferred or imposed by this Act, the regulations and the by-laws of a co-operative.