S.L. 628.1 Art. 44

(1) An association shall at all times have one (1) Key

Officer who shall be a member of the Board of Administrators and whose appointment shall be approved by the Authority.

(2) The Authority shall not approve an application for the appointment of a Key Officer unless it is satisfied that such person is fit and proper to fulfil his obligations and any requirements, including any eligibility criteria established by the Authority for the appointment of a Key Officer in any binding instrument.

(3) The Key Officer shall be the sole person vested with the legal and judicial representation of the association.