SCHEDULES
SCHEDULE 13 Residuary Bodies
Tenure of office of members
C12
1
Subject to the provisions of this paragraph, every member of a residuary body shall hold and vacate his office in accordance with the terms of his appointment.
2
Any member may resign by notice in writing to the Secretary of State, and the chairman or deputy chairman may by a like notice resign his office as such.
3
The Secretary of State may remove a member from office if that member—
a
has become bankrupt or F1has had a debt relief order (under Part 7A of the Insolvency Act 1986) made in respect of him or made an arrangement with his creditors;
b
is incapacitated by physical or mental illness;
c
has been absent from meetings of the body for a period of three months otherwise than for a reason approved by the body; or
d
is in the opinion of the Secretary of State otherwise unable or unfit to discharge the functions of a member.
4
If the chairman or deputy chairman ceases to be a member he shall also cease to be chairman or deputy chairman.