{
  "url": "https://openlegislation.uk/companies-consolidation-act-1908/schedule-FIRST/paragraph-77",
  "json_url": "https://openlegislation.uk/companies-consolidation-act-1908/schedule-FIRST/paragraph-77.json",
  "legislation": "ukpga/Edw7/8/69",
  "legislation_title": "Companies (Consolidation) Act 1908",
  "legislation_url": "https://openlegislation.uk/companies-consolidation-act-1908",
  "path": "schedule/FIRST/paragraph/77",
  "kind": "paragraph",
  "number": "77",
  "heading": null,
  "text": "The office of director shall be vacated, if the director—\n(a) ceases to be a director by virtue of section seventy-three of the . Companies (Consolidation) Act, 1908 ; or\n(b) holds any other office of profit under the company except that of managing director or manager ; or\n(c) becomes bankrupt; or\n(d) is found lunatic or becomes of unsound mind ; or\n(e) is concerned or participates in the profits of any contract with the company :\nProvided, however, that no director shall vacate his office by reason of his being a member of any company which has entered into contracts with or done any work for the company of which he is director : but a director shall not vote in respect of any such contract or work, and if he does so vote his vote shall not be counted.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Edw7/8/69/schedule/FIRST/paragraph/77",
    "retrieved_at": "2026-10-29T12:20:55.325260+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}