7.
| (1) The Minister of Finance shall appoint a Chairman of the Corporation from among the members of the Corporation. |
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| (2) If the Chairman is by reason of illness or other infirmity or absence from Ceylon, or for any other cause whatsoever, unable to perform the duties of his office, the Minister of Finance may appoint one of the members of the Corporation to act in his place. |
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| (3) The Minister of Finance may, without assigning any reason, terminate the appointment of the Chairman. The termination of the office of the Chairman shall be final and conclusive, and shall not be called in question in any court. |
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| (4) The Chairman may resign the office of Chairman by letter addressed to the Minister of Finance. |
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| (5) Subject to the provisions of sub-section (3) or sub-section (4), the term of office of the Chairman shall be the period of his membership of the Corporation. |
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Sri Lanka Consolidated Acts