98Vacation of office

98 Vacation of office

98 Vacation of office

(1) The office of a director becomes vacant if the director—

(a) dies, or

(b) becomes a person who, under section 97 (Qualifications of directors), is not eligible to be a director, or

(c) being a director who is the representative, appointed under section 74 (Corporate membership), of a body corporate member of the society and whose eligibility for election to the office was based on being that representative—ceases to be eligible under section 74, or

(d) being a director elected under section 94 (Employee directors)—ceases to be an employee of the society, or

(e) is absent from 3 consecutive ordinary meetings of the board without its leave, or

(f) resigns by written notice of resignation given to the board, or

(g) is 3 months in arrears for an amount payable to the society and has failed to make arrangements for payment satisfactory to the society, or

(h) is removed from office by a resolution under section 99 (Removal of directors), or

(i) completes a term of office.

(2) If a casual vacancy happens in the office of a director as mentioned in subsection (1) (a)–(h), the board may appoint a person who is qualified under section 97 (Qualifications of directors) to fill the vacancy.

(3) The term of office of a director appointed to fill a casual vacancy ends at the start of the next annual general meeting of the society after the appointment.

(4) A director may not be removed from office, and the office of a director does not become vacant, except as provided by this Act.