Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698136142447.pdf (Marshall Islands)
s Republic of the Marshall Islands Jepilpilin Ke Ejukaan STATE-OWNED ENTERPRISES (AMENDMENT) ACT 2016 Introduced by: SENATOR DAVID PAUL Approved: PRINTED NAME SIGNATURE State-Owned Enterprises (Amendment) Act 2016 BILL No:04Index NITIJELA OF THE REPUBLIC OF THE MARSHALL ISLANDS 37TH CONSTITUTIONAL REGULAR SESSION, 2016 s Republic of the Marshall Islands Jepilpilin Ke Ejukaan STATE-OWNED ENTERPRISES (AMENDMENT) ACT 2016 Index Section STATE-OWNED ENTERPRISES (AMENDMENT) ACT 2016 Page 1 §1.

§2.

§3.
§2.

§3.

Short Title.

............................................................................................................................. 5 Amendment.

......................................................................................................................... 5 Effective Date.
....................................................................................................................... 6 l Page3 State-Owned Enterprises (Amendment) Act 2016 BILL No:04§1 NITIJELA OF THE REPUBLIC OF THE MARSHALL ISLANDS 37TH CONSTITUTIONAL REGULAR SESSION, 2016 s Republic of the Marshall Islands Jepilpilin Ke Ejukaan STATE-OWNED ENTERPRISES (AMENDMENT) ACT 2016 A BILL FOR AN ACT to amend section 618, subsection 3 of Chapter 6, Title 52 of the MIRC, the State-Owned Enterprises Act, 2015 to allow the Minister to appoint at least one but not more than 3 public officials who shall be appointed by merits, experience and qualifications in order to contribute significantly to the economic and well-being of the people of the Marshall Islands.
BE IT ENACTED BY THE NITIJELA OF THE REPUBLIC OF THE MARSHALL ISLANDS §1.

Short Title.

This Act may be cited as the State-Owned Enterprises (Amendment) Act 2016.

§2.

Amendment.

Section 618(3) of the State-Owned Enterprises Act is amended as follows: “Section 618.Directors appointment and qualifications.
(3) The Minister may appoint a public official to be a director of a State-owned enterprise but only for a term that by merits, at least one but not more than 3 public officials with the approval of the Cabinet, whose experience, education and qualifications shall have significant contributions to the economic and general well-beings of the people of the Republic.” l Page5 BILL No:04§3 State-Owned Enterprises (Amendment) Act 2016 §3.

Effective Date.
Effective Date.

This Act shall take effect on the date of certification in accordance with the Constitution of the Republic of the Marshall Islands and Rules of Procedures of the Nitijela.
Page6 r State-Owned Enterprises (Amendment) Act 2016 NITIJELA OF THE REPUBLIC OF THE MARSHALL ISLANDS 37TH CONSTITUTIONAL REGULAR SESSION, 2016 STATE-OWNED ENTERPRISES (AMENDMENT) ACT 2016 SIGNATURES DATE: ___________ INTRODUCED BY ___________________ _____________________ Signature Print Name Page8 r State-Owned Enterprises (Amendment) Act 2016 BILL No:04 NITIJELA OF THE REPUBLIC OF THE MARSHALL ISLANDS 37TH CONSTITUTIONAL REGULAR SESSION, 2016 STATE-OWNED ENTERPRISES (AMENDMENT) ACT 2016 BILL SUMMARY This Bill proposes to amend section 618, subsection 3 of Chapter 6, Title 52 of the MIRC, the State-Owned Enterprises Act, 2015 to allow the Minister to appoint at least one but not more than 3 public officials who shall be appointed by merits, experience and qualifications in order to contribute significantly to the economic and well-being of the people of the Marshall Islands.
l Page9