Decree No. 7989, Of 22 April 2013

Original Language Title: Decreto nº 7.989, de 22 de abril de 2013

Read the untranslated law here: https://www.global-regulation.com/law/brazil/2895016/decreto-n-7.989%252c--de-22-de-abril-de-2013.html

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DECREE N°-7989, of 22 APRIL 2013 Amends Decree No. 4418, of 11 October 2002 approving the Bylaws of the Banco Nacional de Desenvolvimento Econômico e Social-BNDES.
The President of the REPUBLIC, in the use of the powers conferred. 84, caput, sections IV and VI, paragraph a, of the Constitution, and in view of the provisions of art. 2, sole paragraph, of law No. 5662, of 21 June 1971, D and C R E T a: Art. 1 the Social status of the Banco Nacional de Desenvolvimento Econômico e Social-BNDES, approved by Decree No. 4418, of 11 October 2002, with the following changes: "Art. 14. The BNDES will be administered by a Board of Directors composed of the President, Vice-President, and seven directors, all appointed by the President of the Republic and demissíveis ad nutum.
......................................................................................................... §4 Act of BNDES President shall appoint a Director, one of the directors referred to in the caput, responsible for matters relating to Latin America, Caribbean and Africa.
§ 5 the designation referred to in paragraph 4 does not preclude the decision rule referred to in §1 of art. 16 to the issues mentioned in paragraph 4. " (NR)
Art. 2 this Decree shall enter into force on the date of its publication.
Brasilia, 22 April 2013; 192 of independence and 125 of the Republic.
ROUSSEFF Fernando Damata Pimentel