15.
| (1) The Minister may appoint one of the Directors as the Chairman of the Board of Directors. |
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| (2) If the Chairman of the Board of Directors is, by reason of illness or other infirmity or absence from Ceylon, temporarily unable to perform the duties of his office, the Minister may appoint one of the Directors to act in his place. |
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| (3) The Minister may, without assigning a reason, terminate the appointment of the Chairman of the Board of Directors. |
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| (4) The Chairman of the Board of Directors may resign the office of Chairman by letter addressed to the Minister. |
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| (5) Subject to the provisions of sub-section (3) and sub-section (4), the term of office of the Chairman shall be the period of his membership of the Board of Directors: |
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Sri Lanka Consolidated Acts