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Regulation 4

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

If the Secretary of State is satisfied that a member of the Corporation—

(a)

has been absent from meetings of the Corporation for a period longer than three consecutive months without the permission of the Corporation;

(b)

has become bankrupt or made an arrangement with his creditors;

(c)

is incapacitated by physical or mental illness; or

(d)

is otherwise unable or unfit to discharge the functions of a member;

the Secretary of State may declare his office as a member to be vacant; and thereupon the office shall become vacant.

(2)

In the application of the preceding paragraph to Scotland, for the references in subparagraph (b) to a member's having become bankrupt and to a member's having made an arrangement with his creditors there shall be substituted respectively references to sequestration of a member's estate having been awarded and to a member's having made a trust deed for behoof of his creditors or a composition contract.