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This is the original version (as it was originally enacted).
(1)The Regulator may remove an officer of a registered social landlord if the officer—
(a)is an undischarged bankrupt or is otherwise apparently insolvent,
(b)is subject to a disqualification order or a disqualification undertaking under the Company Directors Disqualification Act 1986 (c.46) or equivalent legislation in Northern Ireland,
(c)is disqualified from being a charity trustee under section 69 of the Charities and Trustee Investment (Scotland) Act 2005 (asp 10),
(d)is, because of a mental disorder, incapable of acting, or
(e)is impeding the proper management of the registered social landlord because of absence or other failure to act.
(2)Before removing an officer, the Regulator must give at least 14 days’ notice of its intention to do so to—
(a)the officer, and
(b)the registered social landlord.
(3)In this section “apparently insolvent” has the meaning given by the Bankruptcy (Scotland) Act 1985 (c.66).
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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