(1)The trustees of the Fund shall be appointed by resolution of the House of Commons.
(2)There are to be not more than 7 trustees at any time.
(3)The trustees must be Members of the House of Commons (subject to subsections (4) and (6)).
(4)At any time one trustee may be a former Member of the House of Commons; and a resolution appointing a trustee under this subsection must be made—
(a)on a motion moved by a trustee, and
(b)following consultation by the trustees with persons appearing to them to be representative of former Members.
(5)A person ceases to be a trustee upon—
(a)ceasing to be a Member of the House of Commons (unless appointed under subsection (4), and subject to subsection (6)), or
(b)removal by resolution of the House of Commons.
(6)But where one or more persons cease to be Members of the House of Commons by reason of the dissolution of Parliament, they do not cease to be trustees by virtue of subsection (5) until a resolution of the House of Commons takes effect appointing new trustees in their place.
(7)While a former Member is a trustee by virtue of subsection (4) or (6), grants under section 3 may not be made to the former Member or to a dependant of the former Member.
(8)The Schedule to this Act makes provision about the powers and proceedings of the trustees.