SCHEDULES

SCHEDULE 13U.K. Residuary Bodies

Tenure of office of membersE+W

2(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.E+W

(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.