Paragraph 2 Bankruptcy

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

Sch. 2 para. 2(a) word substituted by Enterprise and Regulatory Reform Act 2013 (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) 2016 Sch. 2 para. 14(a)
Sch. 2 para. 5(1) words inserted by Education (Miscellaneous Amendments relating to Safeguarding Children) 2009 reg. 3(2)(a)
Sch. 2 para. 2(a) words substituted for word by Federation of Maintained Schools and Miscellaneous Amendments 2010 reg. 88
Sch. 2 para. 7(6) words substituted by Local Education Authorities and Children’s Services Authorities (Integration of Functions) (Subordinate Legislation) 2010 Sch. 1 para. 5(4)

A person shall be disqualified for holding, or continuing to hold, office as a member of a foundation body if—

(a)

he or she has been adjudged bankrupt or sequestration of his or her estate has been awarded and (in either case) he or she has not been discharged and the bankruptcy order has not been annulled or rescinded;

(b)

he or she has made a composition or arrangement with, or granted a trust deed for, his or her creditors and has not been discharged in respect of it.