29Resignation of nominee

29 Resignation of nominee (1) A nominee of a corporation or partnership may resign the nominee’s appointment only with the registrar’s approval. (2) The registrar may approve the resignation of the nominee only if satisfied that— (a) the corporation or partnership has refused to comply with a mandatory requirement of the nominee; or (b) the nominee cannot exercise the nominee’s functions because of mental or physical incapacity; or (c) the nominee, or entity that appointed the nominee, has arranged for another nominee to take over the nominee’s functions; or (d) it is otherwise appropriate to approve the resignation.