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14 (1) The directors must, subject to this Act, the regulations and the bylaws, manage or supervise the management of the business and affairs of the Authority.

  • (2) The directors may do one or both of the following:
  • (a) exercise the powers of the Authority on behalf of the Authority;
  • (b) delegate the exercise or performance of any power or duty conferred or imposed on them to a committee of directors appointed by the directors.
  • (3) A limitation or restriction on the powers or functions of the directors is not effective against a person who does not have knowledge of the limitation or restriction.

2004-66-14, effective November 19, 2004 (B.C. Reg. 496/2004).