[F16E+W+SIf the Secretary of State is satisfied that a member of the corporation (including the chairman or deputy chairman)—
(a)has become bankrupt or [F2has had a debt relief order (under Part 7A of the Insolvency Act 1986) made in respect of him or has] made an arrangement with his creditors (or in Scotland has had his estate sequestrated or has made a trust deed for the behoof of his creditors or a composition contract), or
(b)is incapacitated by physical or mental illness, or
(c)has been absent from meetings of the corporation for a period longer than 3 consecutive months without the permission of the corporation, or
(d)is otherwise unable or unfit to discharge the functions of a member, or is unsuitable to continue as a member,
the Secretary of State may remove him from his office.]
Textual Amendments
F1Sch. 26 shall cease to have effect for specified purposes (E.W.) (1.10.1996) by virtue of 1996 c. 52, s. 222, Sch. 18 Pt. IV para. 22(1)(b)(3); S.I. 1996/2402, art. 3, Sch.
F2Words in Sch. 26 para. 6(a) inserted (1.10.2012) by The Tribunals, Courts and Enforcement Act 2007 (Consequential Amendments) Order 2012 (S.I. 2012/2404), art. 1, Sch. 2 para. 12 (with art. 5)