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Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Disqualification of directors

103. When office of director vacated

 

The office of a director shall be vacated—

(a) if he or she is absent from meetings of the Board for three (3) consecutive meetings without leave of the Board;
(b) if he or she is a party to or participates in the profits of any contract with the Bank, subject, however, to the provisions hereof.