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Paragraph 15

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A public benefit corporation has a board of directors.

(2)

The constitution must provide for all the powers of the corporation to be exercisable by the board of directors on its behalf.

C1(3)

But the constitution may provide for any of those powers to be delegated to a committee of directors or to an executive director.

Annotations

Modifications

C1

Sch. 7 para. 15(3) modified by 1983 c. 20, s. 142B (as inserted (24.7.2007) by Mental Health Act 2007 (c. 12), ss. 45(3), 56(1); S.I. 2007/2156, art. 2)