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Art. 39

951.11NBAFederal ActMay 1, 2004Original source
  1. The Bank Council shall consist of eleven members. The Federal Council shall elect six members, the Shareholders’ Meeting five.
  2. The Federal Council shall appoint the President and the Vice President.
  3. The term of office shall be four years.
  4. The members of the Bank Council shall be eligible for re-election. The full term of office of a member shall not exceed twelve years.

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