1220.202—Term of office.
               		
               	 	
               	 	
               	 	               	 	               	 	               	 	               	 	
               	 	
    
        
        (a) 
         The members of the Board shall serve for terms of 3 years, except that the members appointed to the initial Board shall serve, proportionately, for terms of 1, 2, and 3 years.
     
    
        
        (b) 
         Each member shall continue to serve until a successor is appointed by the Secretary and has accepted the position.
     
    
        
        (c) 
         No member shall serve more than three consecutive 3-year terms in such capacity.