SCHEDULES
SCHEDULE 21Mayoral development corporations
Terms of appointment of members
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1
Subject as follows, a member of an MDC holds and vacates office in accordance with the member's terms of appointment.
2
A member may resign by serving notice on the Mayor.
3
A person appointed to chair an MDC—
a
may resign that appointment, whether or not the person also resigns from membership of the MDC, by serving notice on the Mayor;
b
ceases to hold that appointment if the person ceases to be a member of the MDC.
4
A person who—
a
ceases to be a member of an MDC, or
b
ceases to be the person appointed to chair an MDC,
is eligible for reappointment.
5
The Mayor may remove a member of an MDC if—
a
the member has been absent from meetings of the MDC for more than 3 months without the permission of the MDC,
b
the member has become bankrupt or has made an arrangement with the member's creditors,
c
a debt relief order is made in respect of the member (see Part 7A of the Insolvency Act 1986) or the member is a person in respect of whom a debt relief restrictions order has effect (see Schedule 4ZB to that Act),
d
the member has since being appointed ceased to be an elected member of a relevant London council and the Mayor wishes to appoint an elected member of that council to be a member of the MDC in the member's place, or
e
in the opinion of the Mayor, the member has failed to comply with the member's terms of appointment or is otherwise unable, unfit or unsuitable to exercise the member's functions as a member of the MDC.