◇The board shall consist of such number of directors as may be provided by the state legislature. But, the maximum number of directors of a cooperative society shall not exceed twenty-one. ◇The state legislature shall provide for the reservation of one seat for the Scheduled Castes or the Scheduled Tribes and two seats for women on the board of every co-operative society having members from such a category of persons. ◇The term of office of elected members of the board and its office bearers shall be five years from the date of election. ◇The state legislature shall make provisions for co-option of persons having experience in the field of banking, management, finance or specialization in any other related field, as members of the board. But, the number of such co-opted members shall not exceed two (in addition to twenty-one directors).4.8K07:49 PM◇The functional directors of a co-operative society shall also be the members of the board and such members shall be excluded for the purpose of counting the total number of directors (that is, twenty-one.