Co-Operative Societies Act 2008
52.
Provisional directors and elected directors
1. On the registration
of a society, the individuals whose names appear in the application for
registration as having been appointed and have consented to act as provisional
directors—
a.
are
deemed to have all the powers and duties of directors; and
b.
shall
hold office until the first general meeting.
2. After the first
general meeting, the directors must be elected in accordance with this Act, the
Regulations and the by-laws.