Article 18
The board of directors shall ask the premier to remove a director from office, when any of the following situations are applicable to that particular director:
1. Any situation as stipulated in Article 14
2. The director is declared to be under guardianship, requiring assistance or bankrupt
3. The director is sentenced to imprisonment for a definite period of time or a more severe punishment and the decision has become final, unless the punishment is suspended or commuted to a fine
4. The director is diagnosed by a public hospital to be mentally or physically impaired to the extent that he is incapable of exercising his powers
5. The director’s conduct is determined through a board resolution to have violated the duties of a director or acted in such a way that is improper for a director.
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Article 26
The president or vice president shall be dismissed by the board of directors, if he:
1. has violated any item in Paragraph 1 of Article 24;
2. The person has been declared commencement of guardianship, assistantship or bankrupt;
3. has been diagnosed by a public hospital to be mentally or physically impaired to the extent that he is incapable of exercising his powers; or
4. has been determined by a board resolution to have violated his duties or acted in such a way that is improper for his position.
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Article 49
This Law shall become effective on the day it is promulgated.
The articles of this Law amended on December 11, 2009 shall take effect on November 23, 2009.
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