Part 3Valuers Registration Board and New Zealand Institute of Valuers
New Zealand Institute of Valuers
85How long members hold office
The president holds office for 2 years.
The member of the Council appointed by the Valuer-General holds office for 1 year.
In every year, one of the vice-presidents and 3 of the elected members of the Council must retire from office.
The vice-president who has held that office longer must retire before the other, and the elected members of the Council who have held that office longest must retire before the other elected members.
If a question arises as to which of 2 or more members who have held office for the same period should retire, the question must be determined by lot.



