law: The Regional Rural Banks Act, 1976
  10. Term of office of
  
  director
  A director (other than the Chairman) shall
  
  hold office for such period not exceeding two years, from the date when he
  
  assumes office, as the authority nominating him may specify at the time when
  
  the nomination is made, and may, on the expiry of the said period, continue to
  
  hold office until his successor has been nominated and shall also be eligible
  
  for re-nomination.