6.
| (1) There shall be a Board of Trustees of the Corporation with full power and authority to manage and control the movable and immovable property of the Corporation with power to convert or alter any existing or future investments of the Corporation whether movable or immovable the trustees shall perform their duties and discharge their functions in accordance with the rules of the Corporation. Every Trustee shall hold office for three years from election until resignation or removal by a decision of the majority of the Trustees. |
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| (2) The members of the first Board of Trustees shall be the persons whose names are set out in the Schedule to this Act. |
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| (3) Where any Trustee dies or resigns or is removed from office or his term of office expires, his successor shall be elected by the remaining Trustees from among the members of the Council of the Corporation who have completed not less than five years of membership. |
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| (4) A member of the Board of Trustees shall be eligible for re-appointment. |
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| (5) The quorum for a meeting of the Board of Trustees shall be three. |
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Sri Lanka Consolidated Acts