I. The board shall appoint an executive director, a senior credit officer, a chief financial officer, and other personnel determined by the board to be necessary to carry out the purposes of this chapter. The executive director, the senior credit officer, and the chief financial officer shall serve at the pleasure of the board and shall be qualified by reason of professional competence, education, and experience.
   II. [Repealed.]
Source. 1993, 335:3, 358:9. 2001, 158:109, III, eff. Dec. 28, 2001.