Section 4 Mortgage and Property Law of Lagos State

Section 4 of the Mortgage and Property Law of Lagos State 2010 is about Tenure of Office of Members of the Board. It provides as follows:

(1) The General Manager/Chief Executive officer shall hold office for a period of four (4) years, renewable for two (2) further terms.

Provided that the General Manger/Chief Executive Officer may also be appointed
on a fixed term contrac: not exceeding the maximum term provided for in subsection (1).

(2) The Chairman and the Director from the public or private sector shall hold
office for a period of four (4) years, renewable for two (2) further terms.

Provided that the Directors may also be appointed on a fixed term contract not
exceeding the maximum term provided for in subsection (2).

(3) An ex-officio member of the Board shall hold office for such period as he
remains in the office that qualifies him for appointment on the Board”.

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