# Banking Act 1987 (repealed), Paragraph 2

Extent: E+W+S+N.I.

An independent member may be removed by the Authority with the consent of the Chancellor of the Exchequer if it is satisfied—
(a) that he has been absent from meetings of the Board for more than three months without the permission of the Board;
(b) 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;
(c) that he is incapacitated by physical or mental illness; or
(d) that he is otherwise unable or unfit to discharge his functions as a member of the Board.

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Source: https://www.legislation.gov.uk/ukpga/1987/22/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/banking-act-1987-repealed/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.