RA 4850 Section 16

Board of Directors; composition.

Section 16

SEC. 16. Board of Directors; composition.—The corporate powers shall be vested in and exercised by a Board of Directors, hereinafter referred to as the Board, which shall be composed of seven (7) members. The Board of Directors shall elect annually from among their members a Chairman and a Vice-Chairman, and a Secretary who may not be a member of the Board.

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

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