Chief Executive

Chief Executive, means a Chief Executive of a Multi-State Co-operative Society appointed under section 51 [Multi-State Co-operative Societies Act, (39 of 2002), s. 3(e)] In relation to an institution, means a person who, either alone or jointly with one or more other persons, is responsible under the immediate authority of the directors for the conduct of business of the institution, Banking Act, 1987, s. 106(2) (UK) Halsbury's Laws of England, Vol. 3(1), para 24, p. 21.