Common use of CESSATION OF TRUSTEESHIP Clause in Contracts

CESSATION OF TRUSTEESHIP. A Trustee shall cease to hold office if such Trustee: 7.1 by notice in writing to the secretary of the Trust or if there is no secretary to the then chairman, resigns his or her office; 7.2 refuses to act; 7.3 becomes of unsound mind or becomes a protected person under any statute for the time being in force; 7.4 becomes bankrupt or enters into a composition or assignment for the benefit of his or her creditors; 7.5 is absent without leave from three consecutive ordinary meetings of the Trustees; 7.6 is convicted of any indictable offence.

CESSATION OF TRUSTEESHIP. A Trustee shall cease to hold office if such Trustee: 7.1 8.1 by notice in writing to the secretary of the Trust or if there is no secretary to the then chairman, resigns his or her office; 7.2 8.2 refuses to act; 7.3 8.3 becomes of unsound mind or becomes a protected person under any statute for the time being in force; 7.4 8.4 becomes bankrupt or enters into a composition or assignment for the benefit of his or her creditors; 7.5 8.5 is absent without leave from three consecutive ordinary meetings of the Trustees;. 7.6 8.6 is convicted of any indictable offence.

CESSATION OF TRUSTEESHIP. A Trustee shall cease to hold office if such Trustee: 7.1 8.1. by notice in writing to the secretary of the Trust or if there is no secretary to the then chairman, resigns his or her office; 7.2 8.2. refuses to act; 7.3 8.3. becomes of unsound mind or becomes a protected person under any statute for the time being in force; 7.4 8.4. becomes bankrupt or enters into a composition or assignment for the benefit of his or her creditors; 7.5 8.5. is absent without leave from three consecutive ordinary meetings of the Trustees; 7.6 Trustees 8.6. is convicted of any indictable offence.