Paragraph 2
United Kingdom
An independent member may be removed by the F1Authority with the consent of the Chancellor of the Exchequer if it is satisfied—
that he has been absent from meetings of the Board for more than three months without the permission of the Board;
that he has become bankrupt, that his estate has been sequestrated or that he has made an arrangement with or granted a trust deed for his creditors;
that he is incapacitated by physical or mental illness; or
that he is otherwise unable or unfit to discharge his functions as a member of the Board.
Annotations
Textual amendments
- F1
Word in Sch. 1 para. 2 substituted (1.6.1998) by 1998 c. 11, s. 28(3); S.I. 1998/1120, art. 2
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(d)
Act continued (with modifications) (1.12.2001) by S.I. 2001/2967, arts. 1(2), 9(1), Sch. 1 Pt. 1; S.I. 2001/3538 (as amended (1.4.2013) by S.I. 2013/472, arts. 1(1), 3, Sch. 2 para. 56(h)(i)); and specified provisions of Act applied, extended and amended (1.4.2003) so far as still in force by 2001 c. 16, ss. 50, 52-54, 57(1)(j)(4), 68, 138(2), Sch. 1 para. 43, Sch. 2 para. 16(2)(d); S.I. 2003/708, art. 2