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12 (1) Subject to section 8, if one of the directors dies, resigns or is removed under section 11(3), a replacement for that director must be appointed in accordance with this section.

  • (2) If a departing director was appointed from the nominees of a stakeholder entity, the stakeholder entity must promptly provide a list of nominees in compliance with section 7.
  • (3) After receiving a list of nominees provided under subsection (2), the directors must, subject to section 13, promptly appoint as the replacement director one of the nominees from the list.
  • (4) If a stakeholder entity does not comply with subsection (2), the directors must, subject to section 13, appoint an individual as the replacement director, and that director is deemed to be appointed from the nominees of that stakeholder entity.
  • (5) A replacement director appointed under this section holds office until the end of the term of the departing director.

2004-66-12, effective November 19, 2004 (B.C. Reg. 496/2004).