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IREC
REG 200CT 161
of the share subscribed for according to the time limit
fixed.
Art 30.
Shareholders have the duty of adhering to the Regulations of the Bank of China as well as the laws
and regulations of the Government.
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Art 31. Shareholders have the right to attend all share- holders meetings; but according to Art. 22 of the Regu- lations of the Bank of China no one shall be allowed to attend the shareholders meeting unless he has registered sisty days before the meeting takes place and possesS not less than ten shares in continuous numbers.
Art 32.
Shareholders have the right to elect or to be elected as directors and supervisors; but in accordance with the provisions of Art 18 of the Regulations of the Bank of China only shareholders of 10 shares or more can be elected director or supervisor.
Art 33.
Shareholders have the right to decide the disposal
of the net profits.
Chapter 6. Directors and Auditors.
Art 34. With the exception of those appointed by the Government, directors and auditors of the Bank shall be elected from among the shareholders holding 100 shares
or more.
Art 35
Those who are over 35 years of age and possess ing financial or commercial knowledge or experience shall y
be eligible to the post of director or auditor.
Art 36 Those who are of good conduct and reputation
shall be eligible for the post of director or auditor.
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Art37. In accordance with Art of the Regulations
** the Bank of China the number of directors shall be nine
in
441
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six to be appointed by the Government and three