Paragraph 3

(1)

A director may resign his office by notice in writing to Associated British Ports.

(2)

The office of director is vacated if the director—

(a)

becomes F1there is substituted “is the subject of a bankruptcy restrictions order F2, an interim bankruptcy restrictions order, a debt relief restrictions order or an interim debt relief restrictions order (under Schedule 4ZB of the Insolvency Act 1986), or in Scotland has his estate sequestrated F3...; or

(b)

becomes of unsound mind; or

(c)

is absent from meetings of the directors for a period of more than six months without the permission of the directors.

Annotations

Textual amendments

F1: Words in Sch. 2 para. 3(2)(a) substituted (29.6.2006) by Enterprise Act 2002 (Disqualification from Office: General) Order 2006 (S.I. 2006/1722), art. 1(1), Sch. 2 para. 3(a)
F2: Words in Sch. 2 para. 3(2)(a) substituted (1.10.2012) by The Tribunals, Courts and Enforcement Act 2007 (Consequential Amendments) Order 2012 (S.I. 2012/2404), art. 1, Sch. 2 para. 15 (with arts. 5, 6)
F3: Words in Sch. 2 para. 3(2)(a) omitted (29.6.2006) by virtue of Enterprise Act 2002 (Disqualification from Office: General) Order 2006 (S.I. 2006/1722), art. 1(1), Sch. 2 para. 3(b)