Singapore legislation

Clause 10

of Post Office Savings Bank of Singapore Bill

Clause 10

Vacation of office of director

The office of director shall be vacated if the director —

(a)

becomes of unsound mind;

(b)

becomes a bankrupt or suspends payment to, or makes any arrangement or composition with, his creditors;

(c)

has been absent for more than three consecutive meetings of the directors without permission of the directors;

(d)

resigns from his office; or

(e)

is convicted of an offence involving dishonesty or fraud or moral turpitude.