sec.106Vacation of office

sec.106 Vacation of office

The office of a director becomes vacant if the director— dies; or becomes a person who, under section 105 , is not eligible to be a director; or is absent from 3 consecutive ordinary meetings of the board without its leave; or resigns by written notice of resignation given to the board; or 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 is removed from office by a resolution under section 107 ; or completes a term of office. If a casual vacancy happens in the office of a director as mentioned in subsection (1) (a) to (f) , the board may appoint a person who is eligible to be a director to fill the vacancy. The term of office of a director appointed to fill a casual vacancy ends at the end of the next annual general meeting of the society after the appointment. A director may not be removed from office, and the office of a director does not become vacant, except as provided by this Act. (sec.106-ssec.1) The office of a director becomes vacant if the director— dies; or becomes a person who, under section 105 , is not eligible to be a director; or is absent from 3 consecutive ordinary meetings of the board without its leave; or resigns by written notice of resignation given to the board; or 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 is removed from office by a resolution under section 107 ; or completes a term of office. (sec.106-ssec.2) If a casual vacancy happens in the office of a director as mentioned in subsection (1) (a) to (f) , the board may appoint a person who is eligible to be a director to fill the vacancy. (sec.106-ssec.3) The term of office of a director appointed to fill a casual vacancy ends at the end of the next annual general meeting of the society after the appointment. (sec.106-ssec.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.

• (a) dies; or
• (b) becomes a person who, under section 105 , is not eligible to be a director; or
• (c) is absent from 3 consecutive ordinary meetings of the board without its leave; or
• (d) resigns by written notice of resignation given to the board; or
• (e) 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
• (f) is removed from office by a resolution under section 107 ; or
• (g) completes a term of office.