1. If the position of any Director becomes vacant, the board of directors shall, subject to the provisions of Article [143] of this Decree Law, appoint a new Director to fill in the vacancy within thirty [30] days, provided that such appointment is referred to the General Assembly at its first meeting for approval of the appointment or the appointment of a substitute Director. The new Director shall complete the term of office of his predecessor. If no new director is appointed to fill in the vacant position within such time limit, the board shall invite candidates to fill in the vacant position at the first General Assembly meeting, and the new director shall complete the term of office of his predecessor. 2. If the number of vacancies reaches one fourth of the number of Directors, the remaining Directors shall call the General Assembly to convene within thirty [30] days of the date of the last vacancy, in order to elect new Directors to fill in such vacancies.
Interpretation and application must be checked against the official text and current version.