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2.—(1) The Board shall consist of not less than twelve and not more than twenty members who shall be appointed by the Secretary of State.
(2) The Secretary of State shall appoint one of the members of the Board to be chairman of the Board and may appoint a member to be deputy chairman.
(3) Subject to the provisions of this paragraph, the chairman, deputy chairman and other members of the Board shall hold and vacate office in accordance with the terms of their appointments.
(4) A member of the Board may, by notice in writing addressed to the Secretary of State, resign his membership, and the chairman and deputy chairman of the Board may by such a notice resign their office as such without resigning their membership.
(5) A chairman or deputy chairman who ceases to be a member of the Board shall cease to be chairman or deputy chairman.
(6) A member of the Board who ceases to be a member or ceases to be chairman or deputy chairman of the Board shall be eligible for reappointment.
(7) The Secretary of State may remove a member of the Board from membership if he has—
(a)become bankrupt or made an arrangement with his creditors or, in Scotland, had his estate sequestrated or made a trust deed for behoof of his creditors or a composition contract; or
(b)been absent from meetings of the Board for a period of more than six consecutive months without the permission of the Board;
or he is, in the opinion of the Secretary of State, unable or unfit to discharge the functions of a member.
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