Tenure of office of membersE+W
3(1)Every member of the Residuary Body shall hold and vacate office in accordance with the terms of his appointment but subject to the following provisions of this paragraph.E+W
(2)Any member may resign his office by notice in writing to the Secretary of State.
(3)The Secretary of State may remove a member from office if that member—
(a)has become bankrupt or made an arrangement with his creditors;
(b)is incapacitated by physical or mental illness;
(c)has been absent from meetings of the Residuary Body for a period of three months otherwise than for a reason approved by it; or
(d)is, in the opinion of the Secretary of State, otherwise unable or unfit to discharge the functions of a member.
(4)A person shall cease to be chairman of the Residuary Body if he—
(a)resigns as such by notice in writing to the Secretary of State; or
(b)ceases to be a member of the Residuary Body.