Rule 4.50 Termination of membership
Membership of the liquidation committee of any person is automatically terminated if -
(a)
his estate is sequestrated or he becomes bankrupt or grants a trust deed for the benefit of or makes a composition with his creditors, or
(b)
at 3 consecutive meetings of the committee he is neither present nor represented (unless at the third of those meetings it is resolved that this Rule is not to apply in his case), or
(c)
that creditor being a creditor member, he ceases to be, or is found never to have been a creditor.