# Consumer Credit Act 1974, Paragraph 4

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

(1) Each member of the panel of chairmen or the lay panel shall hold and vacate office in accordance with the terms of his appointment.
(2) The Lord Chancellor may remove a member of either panel from office on the ground of incapacity or misbehaviour.
(3) A member of either panel—
(a) may at any time resign office by notice in writing to the Lord Chancellor;
(b) is eligible for re-appointment if he ceases to hold office.

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Source: https://www.legislation.gov.uk/ukpga/1974/39/schedule/A1/paragraph/4 (the official version)
Page: https://openlegislation.uk/consumer-credit-act-1974/schedule-A1/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.