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A person shall be disqualified for being elected to or holding the office of dean of guild or deacon convener or convener of trades, if he is a person whose estate has been sequestrated by a competent court in Scotland or who has been adjudged bankrupt elsewhere than in Scotland:
Provided that—
(a)the disqualification attaching to a person whose estate has been sequestrated shall cease if and when—
(i)the sequestration of his estate is recalled or reduced; or
(ii)he obtains his discharge from a competent court;
(b)the disqualification attaching to a person by reason of his having been adjudged bankrupt shall cease if and when—
(i)the bankruptcy is annulled; or
(ii)he is discharged.
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