law: Co-Operative Societies Act 2008 
  240.
  
  Existing directors and officers
  1.      The existing
  
  directors and officers shall continue to hold office in accordance with the
  
  former Act and the by- the Society.
  2.      Where new directors
  
  of a society are to be elected after the commencement of the Act, such directors
  
  shall be elected in accordance with this Act.