Trustees. | 10.
(a) There shall be elected from among the members of the Association at an Annual General Meeting of the Association three Trustees each of whom shall hold office for a period not exceeding five years unless he in the meantime ceases to be a member or otherwise becomes incapable of holding office due to death or incapacity or is removed from office by resolution passed at an Annual or Special General Meeting. |
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(b) The Trustees duly elected under the provisions of this rule shall hold the property of the Association, except monies in banks and in hand, in trust for the Association. They shall not be entitled to deal with such property and the income derived therefrom, except on a direction from the Association which shall be accompanied by a copy, duly certified by the Chairman and Secretary of the meeting, of the resolution relating to the trust property which shall have been passed at a General Meeting of the Association. |
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(c) In the event of any Trustee being discharged from his office or ceasing to hold his office by virtue of cessation of membership, death, resignation, or other cause, the remaining Trustees shall be entitled to perform validly their duties as Trustees pending the election at an Annual or Special General Meeting of the Association of a new Trustee in place of the Trustee who so ceases to be a Trustee. |
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(d) The title to such property shall devolve in accordance with the provisions of section 113 of the Trusts Ordinance (Cap. 87) read with any other law in force at the time. |
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