3.23.—(1) Membership of the creditors' committee is automatically terminated if the member—
(a)becomes bankrupt, or compounds or arranges with his creditors, or
(b)at 3 consecutive meetings of the committee 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)ceases to be, or is found never to have been, a creditor.
(2) However, if the cause of termination is the member's bankruptcy, his trustee in bankruptcy replaces him as a member of the committee.
[E.R.3.23]