100When a member of the board of directors of a water corporation ceases to hold office

100 When a member of the board of directors of a water corporation ceases to hold office (1) The office of member of the board of directors becomes vacant if the member— (a) resigns in accordance with subsection (3); or S. 100(1)(b) amended by Nos 4/2008 s. 32(Sch. item 37.1), 32/2010 s. 77(Sch.). (b) becomes an insolvent under administration; or (c) fails to attend 3 consecutive meetings of the board of directors without the approval of the board; or (d) is found guilty of an indictable offence; or (e) holds a paid office in the water corporation. (2) Subsection (1)(e) does not apply to the managing director. (3) A person may resign from the office of member of the board of directors by notice in writing delivered to the Minister. S. 101 substituted by Nos 85/2006 s. 54, 17/2012 s. 12.