SCHEDULE 1NLS
Removal of members
I14
1
The Scottish Ministers may, by written notice, revoke the appointment of a member if—
a
the member becomes insolvent,
b
the member has been absent from 3 consecutive meetings without the permission of NLS,
c
the member is otherwise unfit to be a member or unable for any reason to discharge the functions of a member.
2
For the purposes of sub-paragraph (1)(a), a member becomes insolvent when—
a
the member's estate is sequestrated,
b
the member grants a trust deed for creditors or enters into a composition contract,
c
a voluntary arrangement proposed by the member is approved, or
d
the member is adjudged bankrupt.