Paragraph 5 Bankruptcy
A person is disqualified from holding or continuing to hold office as a member, if—
(a)
his estate has been sequestrated and the sequestration has not been discharged, annulled or reduced; or
(b)
he is the subject of a bankruptcy restrictions orderf1 or an interim bankruptcy restrictions order.
Annotations
Footnotes
- f1
-
By virtue of paragraph 8 of Schedule 4A to the Insolvency Act 1986 (c.45), reference to a person who is the subject of a bankruptcy restrictions order includes reference to a person in respect of whom a bankruptcy restrictions undertaking has effect.