108IVacancies and removal of directors from office

108I Vacancies and removal of directors from office (1) A director's office becomes vacant— (a) on the expiry of his or her term of office; or (b) if he or she resigns from office under subsection (2); or (c) if he or she is removed from office under subsection (3); or (d) if he or she is convicted of an indictable offence or an offence that, if committed in Victoria, would be an indictable offence. (2) A director may resign from office by notice in writing signed by him or her and delivered to the Attorney-General. (3) The Governor in Council may remove a director from office if of the opinion that the director has failed to comply with any term or condition of appointment. S. 108J inserted by No. 13/2003 s. 6.